IMF Reduces Projection on Russia's Public Debt in 2024 to 20.8% of GDP, Fiscal Monitor Says

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WASHINGTON (Sputnik) – In its previous Fiscal Monitor report in October 2023, the IMF projected that Russia’s public debt would be 21.8% of GDP in 2024 and 21.7 in 2025.
The International Monetary Fund (IMF) said in a new report on Wednesday that it has reduced the projected level of Russia's public debt in 2024 to 20.8% of GDP and to 21.9% in 2025.
Russia’s public debt is projected at 20.8% this year, compared with 19.7% the year before, the IMF said in its latest Fiscal Monitor report. In 2025, the IMF expects the figure to rise to 21.9%, and in 2029 it will reach 24% of GDP.
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Meanwhile, the level of global public debt is expected to increase to 93.8% of GDP in 2024 and reach 98.8% in 2029, the IMF report said.
Global public debt is expected to grow to 93.8% of GDP in 2023, compared to 93.2% of GDP the year before, the report said.
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