Russia's External Debt Increased to $ 482.4 Billion
OREANDA-NEWS The external debt of the Russian Federation as of July 1, 2019 amounted to $ 482.4 billion, having increased from the beginning of the year by $ 27.7 billion, or 6.1%. It is reported by the Bank of Russia.
In the second quarter of this year, the Russian Federation increased its external debt by 2.9% to the level of the first quarter, it follows from the materials of the Central Bank.
By the end of 2018, Russia's foreign debt amounted to $ 454.68 billion.
External debt is the total monetary obligations of the state expressed in the amount of money to be repaid to external creditors on a certain date, that is, the total debt of the country on foreign loans and unpaid interest on them.
In the modern edition of the Budget Code of the Russian Federation, external debt refers to all debts in foreign currency. However, it should be noted that such debts can often be transferred to the regions, including in the form of state programs. In this case, the debt is calculated at the initial transfer in order to avoid accounting for one borrowing again.