GENERICO.ruЭкономикаThe IMF has reduced the projected level of Russia's total public debt

The IMF has reduced the projected level of Russia's total public debt

WASHINGTON, April 17 The International Monetary Fund (IMF) has reduced the projected level of total debt of Russia and its constituent entities in 2024 to 20.8% of GDP, according to a published report organizations.
According to the document presented on Wednesday, in 2024 the total volume of federal and regional debt of the Russian Federation will be 20.8%, compared to 19.7% in 2023. In 2025, the IMF expects the figure to rise to 21.9%, and in 2029 it will reach 24% of GDP.

In its previous document, published in October 2023, the IMF projected the figure at 21.8% of GDP in 2024 and 21.7% in 2025.

Public debt in international practice is called the debt of the central government. In 2023, Russian public debt, taking into account government guarantees, amounted to 14.9% of GDP versus 14.7% a year earlier. Russian Finance Minister Anton Siluanov did not rule out that the level of public debt at the end of 2024 could be “slightly lower” than 17% of GDP.
Each country determines the level of security of public debt independently; in Russia this figure is close to 20%. At the same time, the International Monetary Fund considers the level of 60% safe.

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