The Nizhny Novgorod Ministry of Finance will attract credit lines for 8 billion rubles.

      April 6, 2026 14:52 Economy The Nizhny Novgorod Ministry of Finance intends to attract commercial loans totaling 8 billion rubles. To this end, the agency will hold eight auctions, each involving a loan of 1 billion rubles. Relevant information has been posted on the government procurement portal. According to the documentation, it is planned to open revolving credit lines for a period of nine months. The interest rate will be floating and will be determined as the key rate of the Central Bank of the Russian Federation with an additional margin. The contract conditions provide for the possibility of early repayment of loans, which will help reduce the costs of servicing the state debt. The raised funds will be directed to cover the regional budget deficit, repay debt obligations, and replenish budget balances. The results of the auctions are scheduled to be summarized on April 14. It is worth noting that by the beginning of December 2025, the region had formed the largest state debt among the subjects of Russia — 186.6 billion rubles. The increase in debt was explained by the Ministry of Finance of the Nizhny Novgorod region. It was also reported that the regional Ministry of Finance predicted a budget surplus starting from 2031. NIA "Nizhny Novgorod" has a Telegram channel. Subscribe to stay updated on major events, exclusive materials, and timely information. Copyright © 1999—2025 NIA "Nizhny Novgorod". When reprinting, a hyperlink to NIA "Nizhny Novgorod" is mandatory. This resource may contain materials 18+