The net public debt of Russia became negative for the first time after the introduction of sanctions for the annexation of Crimea and falling oil prices in 2014, RBC writes referring to information of the Ministry of Finance and the Central Bank.
on the first of August, the volume of public debt of the Federal government, regions and municipalities, including state guarantees on loans of factories, was 16, 2 trillion rubles.
at the same time liquid assets the Federal authorities, regions and extra-budgetary state funds on the same date totaled 17, 6 trillion rubles.
thus, public debt in the broadest sense since the mid 2019 was less than the liquid assets of the " extended government ", says the journal.
As noted, this was may be due to record inventory, completely covering the debt of the country. That is, if Russia needed a to immediately repay all the existing debts, it would be possible to make due to the only deposits of government agencies in the Central Bank and commercial banks.
As noticed the head of the Ministry of economic development Maxim Oreshkin, " what is done in macroeconomics Russia from 2014 to 2019, just get in the textbooks." At the same time the reverse side of this rigid approach - the lack of fiscal incentives for economic development.
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