The consulting company “TRP-FR” summed up the results of the financial “five-year plan” of the Tomsk mayor’s office

The municipality’s debt policy has been recognized as effective.

As follows from the material published by the TRP – Financial Solutions company, over the past five years, the municipal formation “City of Tomsk” has significantly improved the macroeconomic indicators of the city budget.

According to the results of this period, the total revenues of the municipality increased by 42% – from 18.414 billion rubles as of January 1, 2020 to 26.257 billion rubles as of January 1, 2024. Gratuitous revenues increased by 48% (from 11.105 billion to 16.437 billion rubles), tax and non-tax revenues – by 34% (from 7.309 billion to 9.819 billion rubles).

At the same time, over the last year the increase in the city budget’s own revenues amounted to 16.6%. According to this indicator, the city became third among the main 27 municipalities of the country with a population of more than 500 thousand people – the first two places were occupied by Irkutsk (+18.6%) and Lipetsk (+17.7%).

The municipality’s debt burden decreased from 48.8% to 45.2%, while the growth of debt in absolute terms amounted to 24.4% (from 3.565 billion to 4.435 billion rubles), which is lower than the growth rate of its own income for the same period.

“In addition, good macroeconomic indicators are supported at the micro level due to an active debt policy, which allows Tomsk to maintain the cost of market debt (excluding budget loans and municipal guarantees) over the past five years in the range of 5.1% -6.24% per annum” , – stated in the review material.

It is noted that at the end of last year this figure was 6.24% per annum. At the same time, the average key rate of the Central Bank of the Russian Federation was equal to 10.6% per annum, and the average arithmetic loan rate for annual credit auctions of non-revolving credit lines with an amount of more than 50 million rubles in cities of the Russian Federation was 13.19% per annum.