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Magadan region is a constituent entity of the Russian Federation in the north-east of Russia; it belongs to the regions of the Far North. It borders on the Chukotka Autonomous Okrug in the north, the Kamchatka Territory in the east, Yakutia in the west, and the Khabarovsk Territory in the south. It is part of the Far Eastern Federal District.
The financial authority is the Ministry of Finance of Magadan Region, which implements functions in the field of financial, budgetary and tax policy.