23.10.2024, 18:07
The IMF lowered the expected level of Russia's public debt
Source: OREANDA-NEWS
OREANDA-NEWS Analysts of the International Monetary Fund (IMF) have revised their forecast for the level of public debt of Russia and its subjects in 2024. This is reported in the IMF's Budget Bulletin report.
Experts have lowered the expected level of the Russian national debt from the previous 20.8 to 19.9 percent of GDP by the end of 2024. Next year, according to analysts' expectations, the total amount of the country's debt obligations will increase to 20.4 percent of the gross national product, and by 2029 it will reach 25.1 percent of GDP.
The previous IMF estimate implied Russia's total national debt at 21.9 percent of GDP in 2025 and 24 percent of gross domestic product by 2029. We are talking about the total amount of debt obligations of the government of the Russian Federation and state guarantees. In 2023, this figure amounted to 14.9 percent of GDP and was 0.2 percentage points higher than in 2022.
According to the Central Bank (CB), the national debt of Russia as of October 1, 2024 was estimated at $ 293.4 billion. Since January, the total amount of the country's debt obligations has decreased by 24.5 billion. According to the forecast of the Ministry of Finance, by 2027 the national debt of the Russian Federation will grow to 18 percent of GDP at a safe level of 20 percent.
Earlier, RIA Novosti news agency, citing data from the G20 countries, reported that in 2024 Russia entered the top three largest economies with the lowest public debt per capita. According to the results of January-June, this figure in the Russian Federation amounted to 2.76 thousand dollars. India had the lowest national debt per capita among the G20 countries (1.3 thousand), and the United States had the largest (104.5 thousand).
Experts have lowered the expected level of the Russian national debt from the previous 20.8 to 19.9 percent of GDP by the end of 2024. Next year, according to analysts' expectations, the total amount of the country's debt obligations will increase to 20.4 percent of the gross national product, and by 2029 it will reach 25.1 percent of GDP.
The previous IMF estimate implied Russia's total national debt at 21.9 percent of GDP in 2025 and 24 percent of gross domestic product by 2029. We are talking about the total amount of debt obligations of the government of the Russian Federation and state guarantees. In 2023, this figure amounted to 14.9 percent of GDP and was 0.2 percentage points higher than in 2022.
According to the Central Bank (CB), the national debt of Russia as of October 1, 2024 was estimated at $ 293.4 billion. Since January, the total amount of the country's debt obligations has decreased by 24.5 billion. According to the forecast of the Ministry of Finance, by 2027 the national debt of the Russian Federation will grow to 18 percent of GDP at a safe level of 20 percent.
Earlier, RIA Novosti news agency, citing data from the G20 countries, reported that in 2024 Russia entered the top three largest economies with the lowest public debt per capita. According to the results of January-June, this figure in the Russian Federation amounted to 2.76 thousand dollars. India had the lowest national debt per capita among the G20 countries (1.3 thousand), and the United States had the largest (104.5 thousand).
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