Accounts Chamber: Russia’s national debt approaches 20 trillion rubles

The state debt of Russia for the first quarter of 2021 increased by 741.3 billion rubles. and amounted to 19.7 trillion rubles. (about 17% of GDP), follows from the report (.pdf) of the Accounts Chamber on the execution of the federal budget for January-March this year. Domestic debt is at the level of 15.434 trillion rubles, external – $ 56.1 billion.

“According to preliminary data, in the first quarter of 2021, the state debt of the Russian Federation increased by 741,290.4 million rubles, or by 3.9%, and as of April 1, 2021 amounted to 19,681,692.6 million rubles. (17% of the forecasted GDP), ”the report says.

Russia’s domestic debt in January-March increased by 683 billion rubles. (+ 4.6%), up to 15.434 trillion rubles. Its share in the country’s total public debt increased from 77.9% to 78.4%. External debt amounted to $ 56.1 billion as of April 1, decreasing by $ 598.3 million (-1.1%) compared to the data as of January 1. However, in ruble terms, the external debt has increased by 58.3 billion rubles since the beginning of the year. (+ 1.4%), up to 4.247 trillion rubles.

In 2020, Russia’s public debt increased by 5.4 trillion rubles, to 18.99 trillion rubles. It grew by 39.9% compared to 2019. In April of this year, the United States imposed sanctions against Russia, forbidding its companies to directly purchase Russian debt securities issued by the Central Bank, the National Wealth Fund or the Ministry of Finance of the Russian Federation. Finance Minister Anton Siluanov said that the US sanctions on the Russian national debt have lost profits to them.

More details about the sanctions are in the publication of Kommersant, “So We’ve Spoken.”



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