State borrowing grew by 11.6% between January and September Russia’s state debt grew by 11.6% in the first nine months of the year as the government borrowed funds to plug a budget gap, RIA Novosti reported on Wednesday. State borrowing between January and September soared, with debt reaching 17% of Russia’s GDP, data showed. Officials pointed out that even with a noticeable rise, national debt remains below 20% of GDP, placing Russia among the countries with the lowest level of state arrears. By comparison, state debt in the US and Italy exceeds 100% of GDP, while in Japan it stands at 260%. According to ec
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