Siluanov proposed to work out reduction rate loans for regions before the 2nd reading of the budget

25 October 2013, Friday
Finance Minister Anton Siluanov proposed to deputies of the State Duma to consider before  the second reading of the draft federal budget for 2014-2016 years, the possibility of reducing the rates at which the regions are given low cost loans. Now it is two-thirds of the refinancing rate.

"We are now easier to talk about reducing, perhaps, the interest burden on the budget loans. Let's work through this issue during its consideration of the second reading of the budget," - said Siluanov at a meeting of the State Duma, where the draft budget passes first reading.
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