Tuesday, August 26, 2014

The most wasteful governors give preferences – RBC

The most wasteful governors give preferences – RBC

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The government has agreed to help zakreditovannym regions, giving them an additional 100 billion rubles. for replacement of expensive commercial loans. Principles for selecting the most needy give preference wasteful governors and deprive the “good faith” regions complain applicants for cheap money.

In 2013, to increase the salaries of state regions have allocated an additional 326 billion rubles., Which significantly exceeded their additional income, admitted Vladimir Putin at a meeting with ambassadors in April. Following this, the government has approved the allocation of additional subsidies to the regions (25 billion rubles.) And an increase in the budget to replace the credit loans from commercial banks by 100 billion rubles.

On Monday, Prime Minister Dmitry Medvedev signed a decree which defines the conditions for granting regions of federal loans to replace borrowings from banks. Conditions for obtaining cheap money – no excess current budget deficit over the values ​​laid down in the budget for 2014, having a plan to reduce it to 1 January 2017 up to 10% of budget revenues, excluding the level of grant income for 2016 and a number of others.

Get the money will be only those regions, the proportion of debt which is higher than 50% of its income (excluding financial aid from Moscow). We are talking about approximately 35 regions, said the deputy director of public finance trends S & amp; P Karen Vartapetov. “The biggest debt in Mordovia, Chukotka, Saratov, Belgorod regions, North Ossetia, Kostroma, Vologda, Smolensk regions. They are prime candidates it for budget loans, “- he said.

This is not fair, said State Duma deputy from the Voronezh region Ilya Kostunov (” United Russia “). “While the Voronezh region to pursue a balanced debt policy, responsible approach to attract new loans and, as a consequence, the national debt was at an economically safe level, some regions were more simple way, actively credited in commercial banks and building up credit debt,” – said in his address to the Prime Minister Dmitry Medvedev (a copy is in the RBC).

It is necessary to take into account the interests of “good faith” of the regions, as Voronezh region, and apply a “more objective and fair approach” in the method of providing low cost loans , insists deputy. Of the 100 billion rubles. he proposes to allocate at least 5 billion rubles. regions with a national debt of less than 10%, at least 10 billion to those whose debt is between 10 and 30%, and no less than 20 billion rubles. public debt from 30 to 50%.

The problem of uneven distribution of aid from the center exists, confirms director of International Public Finance Fitch Ratings Vladimir Redkin. “It turns out a kind of negative selection. Regions spend more with the hope to fill the gap with the help of grants from the federal budget. Although high zakreditovannost not always wine region, such as in the case of the Krasnoyarsk region (its revenue fell due to an objective reduction in metal prices – the main items of exports), this practice does not encourage the regions that are trying to save, “- he said.

Regions, which was carried out more or less balanced policy, such as Leningrad, Tomsk, Irkutsk region, access to federal loans have not, according to Karen Vartapetov.

«We tried not to cross the line 50%, did everything possible to not gain credit, and as a result did not receive the money, which could apply. This is somewhat annoying, but nevertheless regions find themselves in a worse situation, you need to keep to a budget to function properly, “- said the governor of Tambov region Oleg Betin. “I do not see a problem in the distribution of”, – told RBC Kaluga Region Governor Anatoly Artamonov.

Alice Shtykina

August 26, 2014

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