The general public debt of all countries of the world at the moment reached 88 trillion dollars. This indicator is almost 100 percent of global GDP, calculated in the International Monetary Fund (IMF). Exposures from the report of the organization leads TASS.
Such an assessment was presented by the Director of the Department of Budget Affairs IMF Vitor Gaspar. “State debt is now 88 trillion dollars, this amount is close to 100 percent of GDP. In 2021 and 2022, public debt is expected to decline about 1 percentage points from GDP annually, after which it must stabilize at about 97 percent of GDP “, I specified in the Fund.
The IMF noted that against the background of the growth of sovereign debt, countries need to adapt their fiscal policy to unique circumstances for each region, which include the rate of vaccination and success in restoring the economy.
The foreign debt of Russia, according to the Central Bank (Central Bank), increased from the beginning of 2021 by $ 21.9 billion (by 4.7 percent) and on October 1 amounted to 489.2 billion dollars. A decisive role in the growth of debt was played by Russia’s special borrowing rights (SDR) – an artificial payment facility created by the IMF. Russia sent funds to replenish reserves. SDR is used only with interstate calculations, so it cannot be cash.