Perm Krai
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Perm Krai is a region (krai) located in Russia's Volga Federal District, serving as one of the country's federal subjects with its own local government. It matters as an administrative division that represents a significant part of Russia's vast territory and population in the Volga region.
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Perm Krai is a federal subject of Russia (a krai), located in Eastern Europe. Its administrative center is Perm. The population of the krai was 2,532,405 (2021 Census).
The krai was formed on 1 December 2005 as a result of the 2004 referendum on the merger of Perm Oblast and Komi-Permyak Autonomous Okrug. Komi-Permyak Okrug retained its autonomous status within Perm Krai during the transitional period of 2006–2008. It also retained a budget separate from that of the krai, keeping all federal transfers. Starting in 2009, Komi-Permyak Okrug's budget became subject to the budgeting law of Perm Krai. The transitional period was implemented in part because Komi-Permyak Okrug relied heavily on federal subsidies, and an abrupt cut would have been detrimental to its economy.