Countries in which the write off citizens' debts

• Countries in which people write off the debts of

Just the other day it became known that the UAE government will write off the debts of its citizens on a large sum. However, the emirate - this is not the only state that is decided on such a move when it comes to maintaining the standard of living and social stability.

Countries in which the write off citizens' debts

1. UAE: royal generosity

Countries in which the write off citizens' debts

In the United Arab Emirates began another "debt amnesty". The procedure was initiated by the recent agreement between the leadership of the state and the country's leading banks. The Government stressed that the decision was taken due to the desire to maintain the standard of living. Within the framework of state aid support was provided to more than 3 thousand people. They forgave debts amounting to more than $ 98 million US (361 million dirhams). To this end, the authorities have held talks with 13 banks.

The move officials say is aimed at maintaining social stability and support the highest possible standard of living. Another interesting fact is that this is not the first such case. In January 2012, it has already undertaken such a measure in the UAE. Then the support was 6.8 thousand citizens in the amount of $ 540 million.

2. Georgia: The eagle does not catch flies

Countries in which the write off citizens' debts

The Government of the United Arab Emirates are not the only ones involved in the forgiveness of the public debt. In 2018 a similar step taken leadership of Georgia to the least socially protected citizens. The authorities then reviewed the cases of more than 600 thousand people who have obligations to the banks. The total amount of debt forgiveness amounted to 1.5 billion lari, or 565.3 million US dollars. These citizens' debts were canceled.

3. Russia: c master's shoulder

Countries in which the write off citizens' debts

Write-off of debts of the population - this is a very popular (and often the only reasonable) a measure to maintain social stability. Resorted to her in Russian. For example, in Chechnya, in 2019 the population forgiven debts for communal services - namely gas. The total amount forgiven funds amounted to 9 billion rubles.

A year earlier, cheating has long been carried out in Dagestan in the amount of 1 billion rubles, but this time for taxes. Affected debt relief to individuals and individual entrepreneurs. In total, it has been considered the case 245 thousand taxpayers.