Russian Finance Minister Anton Siluanov said in an interview: RTAccording to data at the beginning of 2023, public debt is 15.1% of GDP.
According to Siluanov, low public debt, responsible budgetary policy, floating exchange rate system and inflation targeting are the basis of Russia’s financial stability. The minister also called for the creation of an independent system for the functioning of the financial market, including the MIR payment system and the Financial Message Transmission System (SPFS), which is another advantage of the Russian financial system.
It was previously reported how much Russia’s external public debt volume will be in 2022. decreased for the first time in three years amounted to 4,039 trillion rubles, and the volume of domestic public debt amounted to 18.78 billion rubles.
At the same time, on February 20, the MMI Telegram channel reported that, according to data for mid-February 2023, Russia’s budget expenditures have reached 4.92 trillion rubles since the beginning of the year, and revenues – 951 billion rubles. This creates a state budget deficit of about 4 trillion rubles.