Public debt indicators in Russia are much better than in some other countries. In this respect declaration Russian President Vladimir Putin at his working meeting with Economic Development Minister Maxim Reshetnikov.
“Government debt of the country’s GDP is 14.9%. It’s a good indicator,” said Putin.
According to him, this figure is 121.7% in the USA and 90.9% in the Eurozone. For example, the level of public debt in Germany is 66.5%, in France – 111.1%.
Based on data from the Central Bank, RIA Novosti at the end of March reportedRussia’s foreign debt has fallen to its lowest level in 15 years since the first quarter of 2007. In total, Russia’s foreign debt decreased by 21.1% last year to $380.5 billion – thus reducing the debt by $101.8 billion over the past year.
Answering the questions of deputies in the State Duma before that, Russian Prime Minister Mikhail Mishustin said that Russia’s public debt is 15% of the country’s gross domestic product (GDP), and that the economy is confident.
In his speech at the plenary session of the Valdai International Discussion Club, Putin talked about the public debt of Russia, Europe and the USA. According to the Russian leader, the public debt of the Russian Federation is fundamentally lower than in the Eurozone, the United Kingdom and the United States.