Russia’s debt to GDP ratio is at 16.7 percent.
RT:
Russia’s state debt rose by almost 10% in the first half of the year, as the government needed the funds to support the economy, Izvestia newspaper wrote on Friday, citing Russia’s Accounts Chamber’s report on budget implementation.
Government borrowing between January and June soared by 9.8% and is projected to reach 25.1 trillion rubles ($256 billion) by the end of the year, accounting for 16.7% of Russia’s gross domestic product (GDP).
The domestic debt increased by $14 billion (+7.4%) in the first six months and has now reached $206 billion, closely approaching the upper limit of $211 billion set by the Finance Ministry for this year.
Generally speaking a low debt to GDP ratio indicates that a country’s economy is in good financial shape.
The United States debt to GDP ratio is currently well over 100 percent.
This is just another indicator showing that the sanctions on Russia have totally failed. Russia’s economy is getting stronger as the US economy continues its decline.
