Russia to keep national debt low — media ...News

Russia Today - Economy
Russia to keep national debt low — media
source : Russia Today ( News ) () 40
It is projected to remain at 16% of GDP, according to TASS news agency Russia’s state debt will not exceed 16% of GDP in 2022-24, according to a Finance Ministry document seen by TASS. This year, it is expected to stay at the same level, as in the previous year. In 2023, the share of the debt will slightly decrease to 15.9%, and in 2024, it will rise again to 16%. The document said that by the end of 2025, the share of government debt could rise to 16.7%. The federal budget deficit is projected to total 1.665 trillion rubles ($30 billion), or 1.2% of GDP this year, dropping to 1.592 trillion rubles (around $28 bil

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