By 2024, the total public debt of Russia will grow to 20.8 percent of the gross domestic product (GDP), follows from the explanatory note to the federal budget project for 2022-2024, writes TASS.
This year, the volume of the public debt will be 17.8 percent of GDP, in 2022 it prepared to increase it to 19.4 percent, and in 2023 to 20.1 percent. At the same time, the document says that at 2022 and 2023 the value of the State debt in relation to GDP is scheduled at a lower level in comparison with the projected values that are listed in the draft federal law “On the federal budget for 2021 and for a planning period 2022 and 2023 years. “
At the end of August, the Accounts Chamber presented a report in which he had given data on the level of public debt of Russia at the end of the first half of 2021. We are talking about the amount of more than 20 trillion rubles (17.7 percent of the predicted volume of GDP).
At the same time, the department indicated that he had increased by 1,483 105.4 million rubles for half a year (7.8 percent). The Strategist of the Debt Markets ITI Capital Sergey Voloboev stressed that the level of the Russian public debt is low both in absolute terms and compared to other large economies.