The Ministry of Finance of the Rostov region will loan 3.7 billion rubles

The Government of the Rostov Region is planning to take a loan from banks to 3.679 billion rubles to cover the deficit in the budget of 2016.

According to "RBK-growth," the Regional Ministry of Finance plans to raise money by not more than 15% per annum. It is expected that will be opened two credit lines - 1.8 billion and 1.879 billion rubles. Loan term - until the end of November 2018.

"Return the money borrowed region plans to November 28, 2018. The annual interest rate for credit facilities may not exceed 15% per annum. For the use of the first credit line of Rostov region is willing to pay up to 807.7 million rubles, the second - up to 843 300 000 rubles, "- the newspaper writes.

According to the latest made to the budget of the Rostov region amendments, its revenues in 2015 will amount to 137 billion rubles, expenses - 154 billion deficit - 17 billion rubles.