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Russia's State Debt To Grow To 15.3% Of GDP In 2019 - Draft Budget

Faizan Hashmi Published September 19, 2018 | 07:25 PM

Russia's State Debt to Grow to 15.3% of GDP in 2019 - Draft Budget

Russia's state debt will grow to 15.3 percent of GDP in 2019, according to an explanatory note to the country's draft budget, available to Sputnik.

MOSCOW (UrduPoint News / Sputnik - 19th September, 2018) Russia's state debt will grow to 15.3 percent of GDP in 2019, according to an explanatory note to the country's draft budget, available to Sputnik.

According to the document, in 2020 the volume of the state debt will grow to 16.

4 percent of GDP, and up to 17 percent of GDP in 2021.

Under the current law on Russia's budget, the volume of the state debt will total 14.2 percent of GDP in 2018. At the end of 2017, the figure was 12.6 percent.

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