Russia’s national debt reaches 16.7% of GDP ...News

Russia Today - Economy

State borrowing grew by almost 10% in the first six months of the year Russia’s state debt rose by almost 10% in the first half of the year, as the government needed the funds to support the economy, Izvestia newspaper wrote on Friday, citing Russia’s Accounts Chamber’s report on budget implementation. Government borrowing between January and June soared by 9.8% and is projected to reach 25.1 trillion rubles ($256 billion) by the end of the year, accounting for 16.7% of Russia’s gross domestic product (GDP). The domestic debt increased by $14 billion (+7.4%) in the first six months and has now reached $206 billion

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Last updated : 02 October 2023 clock 08:20 AM

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