20.11.2017The International Agency «Fitch» confirmed ratings of Krasnoyarsk region at a high level.
The International Rating Agency «Fitch» has confirmed the long-term ratings of Krasnoyarsk region in foreign and local currency at «BB +» level. The outlook of ratings is «Stable».
Analysts of the Agency registered the improvement of budgetary indicators in 2016, as well as a good, industrialized economy of the region, on which the recovery of the national economy has a positive impact. According to the statement of Agency, «Fitch» expects a strengthening of the operating balance of the Krasnoyarsk region. It will be supported by preserved control over costs and further expansion of the region's strong tax base.
Experts also forecast further reduction of the regional budget deficit to a low indicator of 2-3% in 2019.
According to Acting Deputy Chairman of the Government of region - Minister of Finance of the Region, Vladimir Bakhar, the Agency's conclusion confirms the effectiveness of the current budget policy. The financial indicators of the region are gradually improving. Measures taken by the Government of the region directed to the improvement of the efficiency of budget expenditures and increase their own incomes conduce to improvement of financial indicators of the region.