Perm Krai

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. The final period of the Paleozoic era, the Permian, is named after the Perm region.