Page 63 - RusRPTSept19

6.2 Debt
Russia - External debt 2012 2013 2014 2015 2016 2017 Jan-Jun ‘18
Budget: external debt (USD bn)
2,363.52 2,844.56 2,729.43 2,169.01 2,073.22 2,096.24 1,005.41
Budget: external debt (% GDP)
source: CEIC, CBR
29.02 31.73 29.07 37.89 39.83 32.84 /
Russia’s gross public debt ratio fell to 14.0% of GDP in 2018 from 16.4% in 2015. While set to rise to 16.9% of GDP by 2024, according to the IMF, it will remain below the government’s conservative 20% of GDP debt ceiling. Government debt net of deposits including National Wealth Fund assets stood at below 1% of GDP at the end of 2018, among the lowest net-debt ratios for a major economy.
7.0 FX
RUSSIA -FX
Currency (units per EUR) (eop)
Currency (units per USD) (eop)
Currency (units per
2016
64.8
61.5
74.4
2017
68.9
57.6
65.8
2018
79.5
69.5
74.0
2Q17
67.5
59.09
62.88
3Q17
68.04
58.02
69.22
4Q17
69.26
57.73
68.78
1Q18
70.36
57.09
69.88
2Q18
73.39
62.73
73.73
3Q18
81.00
69.99
76.02
4Q18
79.46
69.47
76.11
1Q19
72.89
64.80
75.08
2Q19
72.11
64.28
72.60
63 RUSSIA Country Report September 2019 www.intellinews.com