Forced measure – the authorities of Khakassia take another commercial loan

The head of Khakassia, Valentin Konovalov, signed a decree on obtaining a commercial loan of 1 billion rubles.

The funds will be directed to repay the budget deficit, which formed due to a decrease in tax revenues. The loan will be repaid in equal installments within one year. The interest rate on the loan is 11.5% per annum.

The authorities of Khakassia are forced to take a commercial loan due to the difficult economic situation in the region.

The main reason for the budget deficit is the decrease in tax revenues from enterprises in the mining and metallurgical complex. The decline in production and sales volumes in these industries led to a decrease in tax revenues to the regional budget.

In addition, the economic situation in Khakassia is affected by the sanctions imposed by Western countries. The sanctions have led to a decrease in demand for Russian exports, which has also affected the financial situation of enterprises in the region.

The authorities of Khakassia are taking measures to improve the economic situation in the region. In particular, a number of measures are being implemented to support enterprises in the mining and metallurgical complex. The authorities are also working to attract new investors to the region.