Russia’s external debt fell in the first quarter to its lowest level in 16 years
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Russia’s external debt for the first three months of this year decreased by 5.9% ($22.6 billion), amounting to $357.9 billion as of April 1, reported on the website of the Central Bank.
From those published on the regulator’s website data It follows that the level of external debt has become minimal since April 1, 2007, when it amounted to almost $355.6 billion. As of April 1, 2022, this figure was $482.3 billion.
“To a large extent, the dynamics was determined by the reduction in the external debt of other sectors in terms of loans attracted, including in the framework of direct investment relations,” the Central Bank explained the reduction.
As noted in the materials of the Central Bank, the debt of other sectors decreased over the first quarter by almost 6.6% and amounted to $225.1 billion. by 12.7%, to $40.2 billion.
In 2022, the external debt of the Russian Federation shrunk by 21.1% ($101.8 billion), amounting to $380.5 billion as of January 1 this year, the Central Bank said earlier. The external debt of the Central Bank and banks in 2022 decreased by $21.2 billion to $93.4 billion, and that of the federal government by $17.2 billion to $46.1 billion. At the same time, the decrease was recorded for sovereign securities denominated both in rubles (by $13.4 billion) and in foreign currency (by $3.7 billion). The external debt of other sectors decreased by $63.3 billion to $241 billion.
As of January 1, the state debt of the Russian Federation decreased to 16.7% of GDP from 26.2% a year earlier.
How wrote earlier than Vedomosti, the total amount of internal and external public debt of Russia for 2022 increased to 22.8 trillion rubles. from 20.9 trillion at the end of 2021. The cost of servicing it in January-December 2022 amounted to 1.33 trillion rubles, or about 4% of all federal budget spending. According to the law on the federal budget for 2023-2025, the Ministry of Finance expected the public debt at the end of 2022 at the level of 23.4 trillion rubles.
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