Budget system of the Russian Federation. State debt of a constituent entity of the Russian Federation. Municipal debt (most important)

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Budget system of the Russian Federation. State debt of a constituent entity of the Russian Federation. Municipal debt (most important)

Lecture notes, cheat sheets

Directory / Lecture notes, cheat sheets

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49. Public debt of the subject of the Russian Federation. Municipal debt

Public debt of a subject of the Russian Federation - set of debt obligations of the subject of the Russian Federation; it is fully and unconditionally provided by all the property owned by the subject of the Russian Federation, constituting the treasury of the subject of the Russian Federation.

Debt obligations of a constituent entity of the Russian Federation may exist in the form of:

1) loan agreements and contracts;

2) state loans of a constituent entity of the Russian Federation, carried out by issuing securities of a constituent entity of the Russian Federation;

3) contracts and agreements on the receipt by a constituent entity of the Russian Federation of budget loans from the budgets of other levels of the budgetary system of the Russian Federation;

4) agreements on the provision of state guarantees of a constituent entity of the Russian Federation;

5) agreements and contracts, including international ones, concluded on behalf of a subject of the Russian Federation, on the prolongation and restructuring of debt obligations of subjects of the Russian Federation of previous years.

The volume of public debt of the constituent entities of the Russian Federation includes:

1) the principal nominal amount of the debt on government securities of constituent entities of the Russian Federation;

2) the amount of the principal debt on loans received by the constituent entity of the Russian Federation;

3) the amount of the principal debt on budget loans received by a constituent entity of the Russian Federation from budgets of other levels;

4) the volume of obligations under state guarantees provided by the subject of the Russian Federation.

Municipal debt - the totality of debt obligations of the municipality, which are fully and without conditions secured by all municipal property constituting the municipal treasury.

The debt obligations of the municipality may exist in the form of:

1) loan agreements and contracts;

2) loans made by issuing municipal securities;

3) contracts and agreements on the receipt by the municipality of budget loans from the budgets of other levels of the budget system of the Russian Federation;

4) agreements on the provision of municipal guarantees.

Municipal debt includes:

1) the principal nominal amount of debt on municipal securities;

2) the amount of principal debt on loans received by the municipality;

3) the amount of the principal debt on budget loans received by the municipality from the budgets of other levels;

4) the volume of obligations under municipal guarantees provided by the municipality.

Author: Natalia Burkhanova

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