Russia’s public debt is 15% of the country’s gross domestic product (GDP), and its economy is confident. This was expressed by Russian Prime Minister Mikhail Mishustin, answering questions from deputies in the State Duma. TASS.
As the prime minister put it, Russia is “in a fairly comfortable debt range”.
“We have a public debt of about 15 percent of GDP. There is no need to give figures on the public debt of unfriendly countries. Even in most developing countries it is just over 60%. In this sense, we are confident in ourselves,” said Mishustin, emphasizing that the short-term budget deficit and the slight increase in public debt do not pose a threat.
The head of government also said that the budget deficit of the Russian Federation will gradually decrease. According to him, the reasons for the budget deficit of 3.3 trillion rubles in the first months of 2023 are associated with the transfer of expenditures per year.
It was previously reported how much Russia’s external public debt volume will be in 2022. decreased Domestic public debt, which reached 4,039 trillion rubles for the first time in three years, reached 18.78 billion rubles at the end of the year.