At a meeting of the heads of central banks and finance ministries of the G20 countries in Brazil, Russia warned that the situation is seriously deteriorating with the increase in public debt in the world. According to Russian representatives, measures must be taken to prevent a systemic debt crisis DEA News With reference to the Ministry of Finance of the Russian Federation.
Meeting participants highlighted a number of key risks threatening the global economy, including rising global debt and high government deficits, persistent high inflation and related fiscal risks, commodity price volatility due to geopolitical instability, and weakening trade ties between countries.
“Debt servicing is becoming increasingly expensive, but let’s not forget that most countries struggling with debt are low- and middle-income. This does not allow us to direct the necessary resources to development, structural reforms and financing of the most important sectors of the economy,” said Deputy Minister of Finance of the Russian Federation Ivan Chebeskov, who attended the event.
It has previously been reported that global government debt is rising. exceeded It is worth $100 trillion and continues to grow at a rapid pace relative to the global economy.
Former Russian senator guess Bankruptcy of the United States due to national debt.