The CBR expressed concerns about the debts of the regions

Chairman of the Central Bank Elvira Nabiullina said that the current situation with the accumulated debt of the regions of the country concerned CB.

If the Bank is exhausted. What will happen to your salary, contribution, loan?

In a speech on Wednesday in the Federation Council Nabiullina said that in 2015 the debt of the Russian regions to banks increased by 16%. According to the Chairman of the Central Bank of the Russian Federation, this situation is cause for concern, reports RIA Novosti.

In addition, Nabiullina said that, despite the overall decline in Bank lending in the regions has increased the loan of securities. Commercial lending has no sense if the region has no own prospective revenue base, which can be used to service the loans.

Elvira Nabiullina has already stated that the cause of the economic risks and monetary policy is the lack of balance in the budget system.

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