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.
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.