According to last year’s results the state debt has decreased by $4.4 billion to being $50 billion. This has been reported by the head of the Audit Chamber Tatyana Golikova to Vladimir Putin, TASS reports.
“This is done in order to decrease the expenditure on the external market according to the strategy we will choose” the agency quotes.
In 2016 Russia plans to enter the market of external loans for the first time in the last 3 years, said Sergey Storchak, vice-minister of Finance on the 25th of January. According to him, the country will place bonds for up to $3 billion. The money is necessary to partly cover the budget deficiency (the difference between the income and the outcome of the budget is currently at approximately 2.36 trillion rubles).
Author: Anna Dorozhkina