Russia’s public debt up to 17.8% of GDP in 2020

Russia’s public debt up to 17.8% of GDP in 2020
  • Clock-gray 14:03
  • calendar-gray 24 February 2021

Russia's public debt increased by 39.9% in 2020 to 18.99 trillion rubles ($257 bln), which is 17.8% of GDP, according to the documents published by the Accounts Chamber, APA reports citing TASS.

"The public debt of the Russian Federation in 2020 increased by 5 trillion 418.2 billion rubles ($73 bln), or 39.9%, and amounted to 18 trillion 985.6 billion rubles, or 17.8% of GDP," the Accounts Chamber said.

According to the Accounts Chamber, in 2019 the public debt grew by 7.8% or 976 billion rubles ($13 bln), and its volume reached 13 trillion 567.4 billion rubles ($183 bln) or 12.3% of GDP. At the same time, domestic debt increased by 4 trillion 618.5 billion rubles ($62.4 bln), or 45.4%, amounting to 14 trillion 790.5 billion rubles ($200 bln). Foreign debt in foreign currency increased by $1.9 billion, or 3.5%, to $56.8 billion.

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