Russian national debt in 2020 grew by 39.9%

Russia’s public debt in 2020 increased by 39.9%, to 18.99 trillion rubles, which is 17.8% of GDP. This is stated in the materials of the Accounts Chamber, Trend reports with reference to TASS.

“The state debt of the Russian Federation in 2020 increased by 5 trillion 418.2 billion rubles, or 39.9%, and amounted to 18 trillion 985.6 billion rubles, or 17.8% of GDP,” the department notes.

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




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