The rate has been steadily declining for the past few years.
The level of external debt of the Russian Federation in relation to gross domestic product (GDP) of the country for the first time fell below 15%, RIA Novosti writes with reference to the data of the Bank of Russia.
We are talking about the results of the second quarter of this year. The indicator has been declining steadily for the last few years. So, at the end of 2020, the ratio of external debt to GDP was 31%, in 2021 - 26.2%, a year later - 16.6%.
"In the second quarter of 2023, the level of borrowing also continued to decline, reaching 14.96% at its end," the publication writes.
Russia's external debt, including government debt and corporate debt at the end of June amounted to $434.4 billion.
Also improved the indicator of external debt per capita at the end of the second quarter. The reduction amounted to 4%, to 2.3 thousand dollars. This indicator in 2006 amounted to 2.2 thousand dollars.
The Central Bank department forecasts annual inflation above 7%.