The Lugansk People’s Republic government has approved the resolution on the use of the budget allocations which make up the LPR Reserve Fund.
The document says that the value of the Reserve Fund is set by the LPR budget law for the corresponding year. The Fund is intended for covering unexpected expenses such as the cost of repairs or damage control after natural disasters or other emergencies.
The Reserve Fund can also be used by LPR government decision for the following purposes:
development and maintenance of socio-cultural and spiritual realm
development and maintenance of housing and utilities infrastructure
education system development
development and maintenance of industrial sector
small and medium business development, and
provision of financial assistance to citizens in difficult circumstances.
The full text of the resolution is available on the LPR government website.
The Lugansk People’s Republic acceded to Russia on September 30, 2022 following the unification referendum.*i*v
