Volga |

Nizhny Novgorod to attract $40m loan

10 Oct '07
In 2008 the Nizhny Novgorod region is to attract one billion rubles ($40m) in loans to cover municipal budget deficit, Svetlana Utrosina, the Head of Nizhny Novgorod Department of Finance and Taxation says.

The planned municipal budget deficit for 2008 is set at 2.3 billion rubles ($92m), which makes 15% of expenditure budget.

According to Ms. Utrosina, the city administration is expected to use municipal account balance to fill a 1.3 billion rubles ($52m) budget gap.

On October 17, 2007 the City Duma is to review the draft budget for 2008, where the budget expenditures are estimated at 14.8 billion rubles ($592m) while the budget revenues amount to 12.5 billion rubles ($500m).
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Tags: budget deficit (19) / municipal budget (0) / municipal account (0) / expenditure budget (0) / draft budge (0) / Svetlana Utrosina (0) / Nizhny Novgorod Duma (0) / Department of Finance and Taxation (0) /

Latest News: Volga
22 Aug '14 | Energy, utilities | Technology & innovation
15 Aug '14 | Real estate | Industry, manufacturing
7 Aug '14 | Telecoms, media | Technology & innovation
6 Aug '14 | Finance, business | Industry, manufacturing
1 Aug '14 | Real estate | Industry, manufacturing
 

Feature stories

7 Aug '14
Russian innovation companies step up their efforts in...
Search (News archive - 18830)
Russian Venture Capital Market Overview

Latest News

22 Aug '14
In the Volgograd region, in the Lower Volga area, the...
22 Aug '14
Engineers at Novosibirsk Chemical Concentrates in...
21 Aug '14
Scientists from two research organizations and a...

Most read stories from last week

21 Aug '14
A new Ural University Technopolis is being built...
21 Aug '14
Scientists from two research organizations and a...
22 Aug '14
Engineers at Novosibirsk Chemical Concentrates in...