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    balanced budget,​ ​TASS​ ​informed on December 6.​ “Today we will make a decision on the allocation of another tranche of assistance to ensure the balance of regional budgets, we will allocate RUB10bn for this purpose,” he said during a government meeting on December 6. According to him,” thus, the total amount of additional support for the constituent entities of the Russian Federation will amount to RUB300bn.” “Another 25 regions will receive funds,” Mishustin said. Mishustin noted that allocating additional funds will help the regions “to fulfill social obligations this year, pay wages, purchase medicine, support housing and communal services, and also implement projects that are needed to provide people with comfortable living conditions.”.
 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)
29.02 31.73 29.07 37.89 39.83 32.84 /
 source: CEIC, CBR
       Finance Minister Anton Siluanov is not keen on significantly increasing sovereign debt. In 2020, the federal debt added 7% of GDP, reaching 20% of GDP, ​which could raise debt servicing from RUB700-800bn in 2020 to RUB1.4trillion by 2023 given high interest rates compared to other countries.
The Russian Ministry of Finance plans to borrow about 3.7 trillion rubles ($50.23bn) in 2021, about 75bn rubles ($1.02bn) a week, ​Minister of Finance Anton Siluanov said, as reported by ​TASS​. According to Siluanov, the pace of borrowing will depend on the external situation. “We will look at the situation. There is also the question of what will happen to the US administration, whether they will impose restrictions on our debts,” the minister said. He stressed that the Ministry of Finance in 2021 plans to borrow $3bn on foreign markets, depending on the situation. “Next year we included $3bn – access to foreign markets. We will also look at the situation,” Siluanov said.
 90 ​RUSSIA Country Report​ January 2021 ​ ​www.intellinews.com
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