budgetary credit - is not nothing but a form of financing costs related to the budget, which envisages the provision of certain funds to legal entities.Also, this type of loan can be provided on a reimbursable or return basis and a different budget.All the major provisions are set out in the Budget Code.
budgetary credit may be granted to a variety of entities.Note that it does not have to be a state or municipal unitary.In such cases there is the conclusion of a special agreement, which is based on the norms of civil law.The borrower gives the obligation to repay the loan within the specified period.
Bank guarantees in this case are not the only way to enforce the obligations of return derived from the budget.These methods also include the security of property, surety.Lay can be not only property but also stocks, shares and so on.The degree of liquidity to ensure fulfillment of obligations should be sufficiently high.
Budget credits are getting a lot of prerequisites.These include pre-inspection
municipal unitary, as well as government organizations can budget loan much easier.Conditions for obtaining prescribed in the civil law and the limits of the budget provided, the credit of which they wish to receive.All reports and additional information that is somehow connected with the loan, to be reported to the authorized body.
Subjects of the Russian Federation can get from the federal budget a certain amount of more than a year.The very amount should be spelled out in the law on the federal budget.The loan is issued under the fixed percentage.
Local budgets are able to obtain credit from the budget of the subject.The term would also be more than one year.
As mentioned above, to get a budget loan must be clearly and accurately represent those purposes for which the funds will be used.In the future, the borrower can expect test the feasibility of using cash at any time.
Cash in some cases it is necessary to return.We are talking about those specific situations when failed to prove that the borrower spends money not on the achievement of these goals in advance, spend it unwisely or can not provide any additional performance guarantees.
In some cases, the borrower or its guarantors are not able to pay off the loan budget.In this scenario, the competent authorities of attempting to forcibly recover from the borrower and its guarantor or surety everything you need.In case of late payment can be assigned to additional interest.Increase of budget credit is practically not practiced, it is extremely difficult to achieve.
Budget loan will be considered fully paid only from the moment when the last installment will be deposited in the Central Bank of the Russian Federation.Since all the obligations under the loans will be considered fulfilled.If all payments are timely, with the time the borrower will be able to take a loan from the budget again.
budgetary credit is good because it involves a large amount of the loan.It makes it difficult, but you can spend time and go through all the necessary checks.