MOSCOW, November 4. The US national debt is really large, which is influenced, among other things, by the uncontrolled emission of the dollar, Russian Finance Minister Anton Siluanov told reporters.
“»The US debt is really big, but the problem is that they themselves print this money and buy it, buy bonds of the United States of America, because they still live in the paradigm that the dollar is a reliable and stable currency,» — said the minister.
According to him, there cannot be a stable currency with “uncontrolled emission,” so “the debt is large.” “This diverts budget expenditures, including debt servicing. Rates are rising, and there is less money for current tasks and needs of the state,” he added.
The US national debt reached another record in mid-September, exceeding $33 trillion. And in early October, it grew by $275 billion in one day — this is 3% more than Russia’s entire debt. According to an International Monetary Fund (IMF) report released in October, total US government debt will reach 123.3% of GDP in 2023, rising to 126.9% of GDP in 2024.