Kostroma oblast transferred to the Treasury support

© RIA Novosti / Pavel to Listenpreise in photobackpack with banknotes nominal value of 2000 rubles. Archival photoKostroma oblast transferred to the Treasury support© RIA Novosti / Pavel to Listenpreise the image Bank

Kostroma oblast was transferred to the Treasury support and will manage the budget under the control of the Federal Treasury, Treasury support mechanisms will enhance the transparency of budgetary operations for the Federal government, told RIA Novosti on Monday the Director of the regional Department of Finance Igor zamuraev.

Zamuraev said that Treasury support was one of the conditions of the Federal center for assistance to the Kostroma region as a region with a large debt load in 2017. According to the interlocutor, at the end of the year, the region received 12.1 billion rubles of budget loans at 0.1 percent per annum. Annual savings due to this replacement is estimated at billion rubles allocated for the social sphere.

«Conditions receipt of funds was the conclusion of an agreement with the territorial body of the Federal Treasury on the transfer of certain functions on execution of the regional budget, reducing the debt burden and budget deficit. Kostroma oblast has fulfilled the conditions for obtaining budgetary funds in full,» — said zamuraev.

According to him, the reordering of funding provides for the centralization of functions on execution of the regional budget in the Federal Treasury. The interviewer noted that this scheme is already implemented in a significant number of regions of the country.

«The agreement with the Federal Treasury does not set additional constraints in the execution of the regional budget and aimed at improving the efficiency of financial transactions. Mechanisms of Treasury administration will improve the transparency of budget operations for the Federal government. This is a purely technical procedure», — said zamuraev, adding that this decision will not affect residents of the Kostroma region.

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