In 2023, the government debt limit of the Chinese budget will be more than 29.8 trillion yuan (about $4.3 trillion). In this respect Wrote Agency TASS, which refers to the content of the 2023 budget draft published as part of the 1st session of the 14th session of the National People’s Congress (the highest legislative body).
“In 2023, the central budget’s national debt limit will be 29.8 trillion yuan ($4.3 trillion), local governments’ ordinary debt limit will be 16.5 trillion yuan ($2.4 trillion), and the target debt limit will be 25.6 trillion yuan. . ($3.7 trillion),” the document says.
This week, Russian Finance Minister Anton Siluanov saidAccording to data at the beginning of 2023, the country’s public debt is 15.1% of GDP.
In the second half of January, the newspaper Vedomosti cited a report by the representative of the Russian Ministry of Finance. Wrote After Russia brought the total amount of domestic and foreign public debt to 22.8 trillion rubles at the end of last year.
In the first half of February, public administration law expert Adam Mill expression The view that the growing size of US public debt, exceeding the critical level of $31.5 trillion, could lead to a complete collapse of the nation’s federal budget in the foreseeable future.