Report: RDIF head: RussiaТs state debt at 20-25% of GDP reasonable - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Report: RDIF head: RussiaТs state debt at 20-25% of GDP reasonable

MOSCOW, Jul 2 (PRIME) -- The idea to raise RussiaТs debt to 20-25% of gross domestic product (GDP) is reasonable, CEO of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev said in an interview with NTV television channel on Monday.

УOur state debt is around 15% of GDP. Many countries have debt of 200-300% of GDP. We were radically conservative in our macroeconomic policy and it used to be right. But now there is a need for investment Е an increase of the state debt to 20-25% of GDP is absolutely reasonable. The point is that the money must be invested effectively,Ф he said.

He added that the yield from the investment projects may help repay the debt and reduce it soon.

Finance Minister Anton Siluanov said in May that his ministry plans to borrow for investment. He assessed RussiaТs current debt at 6-10% of GDP and was against an increase to 20-30% of GDP.

End

02.07.2018 12:36
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 72.6243 -0.2069 24 aug
USD 65.6046 -0.0150 24 aug
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1268.45 -1.11 18:50 23 aug
micex 2660.74 -0.54 18:50 23 aug
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 229.35 -1.17 18:49 23 aug
lkoh 5183.50 -1.73 18:49 23 aug
rosn 405.60 -0.10 18:49 23 aug
sber 219.50 0.00 18:49 23 aug
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 72.6700 -0.4825 14:59 23 aug
USDTD 65.7350 -0.1625 17:44 23 aug