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.