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PM says Russia’s state debt should stay below 10 prc of GDP

April 08, 2013, 17:24 UTC+3
"We must certainly keep this competitive advantage,” Medvedev said
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MOSCOW, April 8 (Itar-Tass) – Prime Minister Dmitry Medvedev said Russia’s state debt should be kept below 10 percent of GDP.

Speaking at an expanded meeting of the Finance Ministry’s Board on Monday, April 8, Medvedev said: “Owing to a prudent – I can’t think of any other way to describe it – just prudent borrowing policy, debt sustainability remained at a low and safe level for the country, which is a big advantage compared to other countries.”

Russia’s current state debt is about 10 percent of GDP. “And we must certainly keep this competitive advantage,” Medvedev added.

 

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