According to the Central Bank of Russia, the ratio of external debt to GDP in Russia fell below 15 percent for the first time in the second quarter of this year. This was reported by RIA News.
The publication claims that this figure has been falling steadily over the past few years. It was 31% in 2020, 26.2% at the end of 2021, and 16.6% in 2022.
According to the regulator’s calculations, the credit level decreased in the second quarter of 2023, reaching 14.96%.
At the end of this June, external debt, both state and corporate, in monetary terms reached 343.4 billion dollars, that is, about 29.9 trillion rubles.
Formerly the International Monetary Fund (IMF) guess Russia’s public debt has risen above the safe level of 20 percent of GDP.
The IMF recently evaluated Ukraine’s foreign debt. According to the International Monetary Fund, in 2023 Ukraine’s public debt will exceed 88.1% of GDP, and in 2025 it will exceed 100% of Ukraine’s gross domestic product.
Formerly Central Bank of the Russian Federation raised key rate up to 13%.