Tomsk Region Credit Rating Confirmed At ruBBB+
According to "Expert RA" rating agency analysts, the Tomsk Region budget is characterized by a moderate level of sufficiency: based on preliminary data, the share of tax and non-tax income in the structure of budget revenue as of year-end 2021 was around 64.4%, which is 4.9% higher than in 2020.
The experts note that the growth of tax and non-tax revenue is due to the gradual restoration of the regional economy. In 2021, the regional budget revenue grew by 13.1% in comparison with 2020, specifically tax and non-tax revenue grew by 22.5% in 2021.
According to the results of budgetary performance in 2021, the deficit decreased by more than two times in comparison to 2020 – from 10 bln rubles to 4.6 billion rubles. Specifically, the debt burden decreased from 93% to 87% over the last year.
According to the data of the Tomsk Region finance department, as of January 1st, 2022, the volume of the government debt was 48.4 bln rubles, including budgetary loans – 31.2 billion rubles, securities – 17.2 billion rubles.
After analyzing the regional data, the "Expert RA" rating agency confirmed the Tomsk Region credit rating at ruBBB+. The rating outlook is "stable."