14.10.2024, 16:56
Russia's financial stability was assessed
Source: OREANDA-NEWS
OREANDA-NEWS Rising public debt servicing costs do not threaten Russia's financial stability. This was stated by Russian Finance Minister Anton Siluanov. He is quoted by TASS.
The Minister acknowledged that the state has to spend more and more for these purposes. However, it is not the cost growth itself that should be taken into account, but their ratio to budget expenditures as a whole.
"After all, our budget expenditures have also increased. Therefore, we do not see a critical level here. We don't see any danger here. There are sources for paying maintenance costs," Siluanov assured.
According to the Bank of Russia, in the first month of autumn, the Russian national debt decreased by 7.7 percent since the beginning of the year. As of October 1, it reached 293.4 billion.
In turn, the Accounting Chamber found out that the cost of servicing the national debt in the first half of 2024 increased by one and a half times — up to 1.1 trillion rubles. This turned out to be the maximum increase in annual terms.
The Minister acknowledged that the state has to spend more and more for these purposes. However, it is not the cost growth itself that should be taken into account, but their ratio to budget expenditures as a whole.
"After all, our budget expenditures have also increased. Therefore, we do not see a critical level here. We don't see any danger here. There are sources for paying maintenance costs," Siluanov assured.
According to the Bank of Russia, in the first month of autumn, the Russian national debt decreased by 7.7 percent since the beginning of the year. As of October 1, it reached 293.4 billion.
In turn, the Accounting Chamber found out that the cost of servicing the national debt in the first half of 2024 increased by one and a half times — up to 1.1 trillion rubles. This turned out to be the maximum increase in annual terms.
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