If the printing press operates uncontrolled and loses value, the dollar cannot be stable. In this respect RT The head of the Russian Ministry of Finance, Anton Siluanov, said he was commenting on the size of the US national debt.
This is why the United States has such a large national debt, the minister stated.
“This is driving budget spending, including debt service, as rates are rising and there is less money available for the state’s current missions and needs,” he said.
According to Siluanov, countries with large domestic debts, such as Japan, have low economic growth rates because the debts restrict their budget capacity.
Anton Siluanov also said that fluctuations in the dollar exchange rate should be made predictable for Russians and the business world. is One of the tasks of Russian officials.
On October 26, the Russian Minister of Finance announced the volume of Russian budget expenditures for the next five years. will increase doubled.
Previously government guess Decrease in the volume of oil production in Russia.