Russia’s public debt level may fall slightly from 17% of GDP this year. Finance Minister Anton Siluanov said this TASS.
“Actually, our public debt is low. “It may even be slightly less than 17 percent of GDP by the end of the year,” he noted.
Siluanov emphasized that attention should be paid to this parameter, as debt payment costs increase in response to increasing interest rates.
At the end of February, the US Accounts Chamber forecast warned About the possible rapid growth of the country’s public debt, which could exceed GDP by 200% by 2050. According to analysts, this situation will create serious problems in the economy, security and social areas.
Meanwhile, IMF Research Department Deputy Director Antonio Spilimbergo registered It is stated that the public debt of many countries has reached its highest level in the last half century and that revision in social expenditures may be an important factor in solving the problem.
Mishustin has previously spoken about the level of Russia’s national debt.