The predicted significant growth of the national debt of Russia

the Chairman of the accounts chamber of the Russian Federation Alexey Kudrin believes that Russia’s state debt this year will increase to 16% of GDP with about 12.3%, but will be in a safe area. This forecast he will announce today in the Federation Council.

According to the head of the controlling Agency, the Russian Ministry of Finance in the current environment of economic turmoil, pandemic coronavirus infection COVID-19, rationally agreed to increase the national debt, according to PRIME.

“Total borrowing this year will amount to about 5 trillion rubles, which, in my opinion, absolutely feasible in the market, there are market opportunities, there is not even require any additional effort,” said Kudrin.

According to the head of the accounting chamber, careful debt management will allow to cover the missing revenues, and additional program support the economy and citizens.

Meanwhile, the Bank of Russia brought on Monday data showing that the external debt of the Russian Federation for the first half of 2020 decreased by $14.2 billion, or 2.9%, to $477,2 billion.

Recall also that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effect on the global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Reacting to the situation, the government and the Bank of Russia adopted several packages of measures to support the economy and citizens.

may 11, Russian President Vladimir Putin announced the end of may 12, a single period of days off, entered March 30, in the fight against COVID-19.

on 2 June Prime Minister Mikhail Mishustin reported on the nationwide state plan for the recovery of the Russian economy in 2020-2021 years, noting in particular that the cost of the plan will amount to about 5 trillion roubles. June 19, Putin was sent zarabotanyfirst draft of national plan.

July 2, Deputy Minister of Finance of the Russian Federation Vladimir Kolychev said that the total cost of the measures (the bailout package), aimed at combating the spread of coronavirus infection in Russia and mitigating economic impacts from restrictions imposed, estimated to be worth about 4 trillion rubles. According to him, the main focus of the budget measures were made on several fronts: strengthening health systems, supporting citizens and businesses, the balancing of regional budgets.

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