Penza, 18 March 2018. PenzaNews. The Ministry of Finance of the Penza region announced five e-auctions for the provision of credit resources to the regional budget in the amount of almost 9 billion roubles. The money is planned to be used for financing deficit and repaying debts.

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One of the loans – in the amount of 2 billion 23 million 33 thousand roubles – is intended for 1,825 days (that is 5 years). The auction will be held on April 6.

Two more auctions relate to the provision of loans in the amount of 1 billion roubles for the term of 1,095 days (that is 3 years) each. They are scheduled for 6 and 9 April.

Another procedure for the amount of 2.9 billion roubles will be held on April 6 and is intended for 1,460 days (4 years).

One more auction for the provision of a loan in the amount of 1.9 billion roubles for the term of 1,095 days (3 years) was also announced. It is scheduled for 9 April.

The source of the financing of these purchases are the funds of the Penza region budged aimed at national debt management.

According to official data, the national debt of the Penza region as of March 1, 2018, equals to 22.7 billion roubles.