All news
There won't be enough money. Tyumen authorities can take out loans for 36 billion rubles
Next year, if necessary, Tyumen authorities plan to take loans from banks instead of issuing bonds. To this end, local legislators approved amendments to the local budget at a council meeting on October 17. According to this, the authorities reduced the size of government securities placements in 2025 to 36.3 billion rubles, while simultaneously increasing the size of bank loans by this amount.
— Given the likelihood of a cash deficit at the beginning of 2025, it is proposed to use bank loans for this purpose instead of government bonds. This is a more maneuverable instrument in the medium term (including refinancing in the event of a decline in interest rates), compared to the securities specified in the explanatory note.
At the same time, as the authorities specified, the amount of borrowing could increase by 46.2 billion rubles, and the amount of loan repayments by 10 billion rubles.
Changes were also made in 2026. We reduced the size of bond placements and redemptions by RUB 3.6 billion, while simultaneously increasing loan collection and repayment by RUB 10 billion.
Earlier we reported that this autumn the Tyumen authorities announced three tenders to open credit lines. The total amount of borrowing was planned at the level of 6 billion rubles. However, none of the banks showed up for the auction.