Russian Finance Ministry warns of rise in national debt ...News

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Russian Finance Ministry warns of rise in national debt
The government says the measure is necessary, but plans to keep the debt level under 20% of GDP The volume of Russia’s state debt will grow as the government needs the funds to support the economy, Deputy Finance Minister Irina Okladnikova said at a meeting of the Federation Council Committee on Budget and Financial Markets on Tuesday. According to the official, the authorities will work to contain the debt level to under 20% of GDP, but additional borrowing is necessary. “In general, we now have a level of debt… at 22.8 trillion rubles ($251 billion) – this is 14.9% of GDP. This is our safe boundary, although we

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