NCFD to receive 1.2 billion rubles for construction and housing

Russian Prime Minister Dmitry Medvedev has signed a decree approving the distribution of targeted subsidies from the federal budget to the budgets of Russia's subjects of the North Caucasus Federal District (North Ossetia - Alania, the Karachay-Cherkess Republic, the Kabardino-Balkar Republic, Chechnya and Dagestan) to co-finance expenditures in the construction and housing services.

The document signed on May 30 was posted on an official government website.

The funds were allocated under the state program of development of the North Caucasus Federal District until 2025.