The state debt of the Russian Federation grew by 40% in 2020

Over the past year, the national debt increased by 39.9%, according to analysts of the Accounts Chamber.

- The public debt of the Russian Federation in 2020 increased by 5 trillion 418.2 billion rubles, or 39.9%, and amounted to 18 trillion 985.6 billion rubles, or 17.8% of GDP, the department said.

According to the data of the Accounts Chamber, in 2019 the national debt grew by 7.8%, reaching 13 trillion 567.4 billion rubles (12.3% of GDP). Domestic debt increased by 4 trillion 618.5 billion rubles (45.4%) - up to 14 trillion 790.5 billion rubles. In foreign currency, external debt increased by $ 1.9 billion - 3.5% - to $ 56.8 billion.

Note that the state budget expenditures on the survey of the state debt increased to 784.2 billion rubles (7.3%).

Recall that at the end of last year it became known that foreigners are buying up the Russian national debt in record volumes. Most of the purchases fell on securities that the Ministry of Finance placed at auctions, follows from the review of Sberbank CIB. At the same time, foreigners bought up to 90% of these securities.

We also note that the state debt of the constituent entities of the Russian Federation in 2020 increased by 383 billion rubles - 18% against the indicator of 2019. Moreover, more than half of the increase in debt - 56% - is the same "practically free" budget loans received from the federal treasury. Debts to credit institutions, on the contrary, decreased - by 5.6 billion rubles.