Page 77 - RusRPTSept21

“According to preliminary data, in the first half of 2021, the state debt of the Russian Federation increased by RUB1,483,105.4mn , or by 7.8%, and as of July 1, 2021 amounted to 20,423,507.6mn (17.7% of the forecasted GDP) ”, the report published on the website of the Audit Chamber said.
External public debt for the first half of the year increased by $1.83bn to $58.54bn (+ 3.2%). The growth of external debt in ruble terms amounted to 1.1%.
The Audit Chamber noted that the first six months of the year were characterized by high rates of economic growth, but linked it to the effect of the low base of 2020. “The record high growth in most of the main macroeconomic indicators is largely due to the low base of the previous year,” the ministry said.
77 RUSSIA Country Report September 2021 www.intellinews.com