The Nizhny Novgorod Ministry of Finance plans to attract loans amounting to 6 billion rubles.

      August 6, 2026 12:22 Economy The Ministry of Finance of the Nizhny Novgorod Region has announced six electronic auctions for the opening of revolving credit lines. The information is posted on the state procurement portal. Each procurement involves attracting a loan with a debt limit of 1 billion rubles for a term of 365 days. Thus, the total volume of planned borrowings will amount to 6 billion rubles. According to the documentation, the funds are being raised to finance the regional budget deficit, repay the region's debt obligations, and replenish the balances in the single budget account during the financial year. The credit lines will be revolving with a set maximum debt limit. The interest rate is floating: it is determined as the key rate of the Bank of Russia on the date of the first loan issuance plus a margin. When it changes, the amount of interest will be adjusted. Applications for participation are accepted until August 12, Moscow time. The results will be announced on August 13. It was previously reported that the state debt of the Nizhny Novgorod Region has decreased by 12 billion rubles since the beginning of 2026 and amounted to 204.45 billion rubles at the beginning of August. NIA "Nizhny Novgorod" has channels on Telegram and MAX. Subscribe to stay updated on major events, exclusive materials, and operational information. Copyright © 1999—2025 NIA "Nizhny Novgorod". When reprinting, a hyperlink to NIA "Nizhny Novgorod" is mandatory. This resource may contain materials 18+