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Amendments to Budget Code

March 26, 2022

The President signed the Federal Law On Amendments to the Budget Code of the Russian Federation.

The Federal Law stipulates bringing approaches to accounting for state guarantees of the entities of the Russian Federation and municipal guarantees in compliance with the approach set in the Budget Code of the Russian Federation regarding state guarantees of the Russian Federation.

This approach envisages that the public debt of the Russian Federation should include obligations arising from state guarantees only in the amount of the state-guaranteed obligations the principal actually possesses.

March 26, 2022