Photo: kbrria
Kabardino-Balkarian Republic adopted in the second final reading the budget for 2021 and the planning period of 2022-2023. The parliamentary deputies voted for the main economic document of the republic on December 24.
The main parameters of the budget for 2021 are as follows: revenues will amount to about 43.6 billion rubles (585 million dollars) , expenses - about 44.8 billion rubles. Thus, there will be a deficit in the amount of almost 1.1 billion rubles.
The head of the Republic, Kazbek Kokov, commented on the billion-dollar budget deficit saying that the bulk of it will go to pay off the republic's public debt.
"I am sure that our government will work effectively, and we will not increase this national debt in 21," Kokov said during a parliamentary session.
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