Page 56 - RusRPTJun19

and the rule mechanism will further increase the national welfare fund. In 2021, the Fund's liquid assets will amount to more than 10% of GDP if its assets are not tied up, for example, by granting project loans. The savings rule creates the need for debt to cover expenditure. Government debt will increase to 15.5% of GDP in 2021.
56 RUSSIA Country Report June 2019 www.intellinews.com