The IMF expects Russia’s public debt to grow to 21.2% of GDP in 2023 – Kommersant
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The International Monetary Fund (IMF) predicts an increase in Russia’s public debt by the end of 2023 to 21.2% of GDP. In 2024, the figure will increase to 21.8% of GDP, according to the IMF report.
According to experts, after 2024 the size of the Russian government debt will begin to decline and by 2028 it will drop to 18.2% of GDP. At the end of 2022, the IMF estimated the level of Russian public debt at 18.9% of GDP, recalls “Prime”.
The IMF also expects global public debt to grow by 1 percentage point of global GDP annually over the medium term, reaching 100% of GDP by the end of the decade. The fund linked the increase in the indicator to the growing debt of the largest economies, including the United States and China.
In July, Deputy Head of the Ministry of Finance Irina Okladnikova said that the department intends to keep the growth of public debt within “safe limits” of 20% of GDP. By data Accounts Chamber, in the first half of 2023, Russia’s national debt increased by 9.8% (by 2.24 trillion rubles), to 25.06 trillion rubles.
About the budget for the next three years – in the material “Kommersant” “Acceleration with braking”
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