2003 budget draft sets upper limit for state bond debt

Russia's 2003 federal budget draft provides for the upper limit of the state bond debt at 842.1m rubles (about $26.6m) as of January 1, 2004. This number has been approved by the Budget and Tax Committee of the Russian State Duma, while elaborating on a federal bill "On the Federal Budget for 2003." The Committee proposed to assign 1.5bn rubles (about $47.3m) to be spent on repaying government bonds in 2003.

The 2003 budget draft is supposed to have the third reading in the State Duma on November 22, 2002.

Subscribe to Pravda.Ru Telegram channel, Facebook, Twitter, YouTube, RSS!

Author`s name: Editorial Team