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Kabardino-Balkaria will receive 180 m rubles to support the budget

In 2020, Kabardino-Balkarian Republic will receive more than 180 million rubles in subsidies from the reserve fund of the Government of the Russian Federation to support measures to ensure a balanced budget and to compensate for the reduction in tax revenues due to the pandemic of the coronavirus infection. This was reported in the official portal of the Russian government.

The funds will go under the subprogram “Equalizing the financial possibilities of the budgets of the constituent entities of the Russian Federation and of the state program of the Russian Federation “Development of federal relations and creation of conditions for effective and responsible management of regional and municipal finances.

In total, Russian regions will receive subsidies in the amount of 100 billion rubles, compensating for the decrease in budget revenues. Such an order was signed by the Russian Prime Minister Mikhail Mishustin.