Net public debt of Russia again began to show positive values, reaching to 1.55 trillion rubles as of 1 July. It is reported by RBC with reference to the statistical data of the Central Bank and the Ministry of Finance.
According to the newspaper, the duty of the Federal government on 1 July amounted to 14.77 trillion rubles, and liquid reserves — 13,22 trillion rubles. This is due to the pandemic coronavirus crisis and the fall in oil prices and imbalance of the Federal budget because the Finance Ministry has to compensate for falling oil and gas revenues and increase expenditures in excess of the limits defined by the budget rule.
the Publication notes that the change does not threaten the stability of the budget, however, is the symbolic consequence of the crisis, which has affected the pandemic coronavirus, low oil prices, record-low oil production and increased spending to support the population and business. RBC notes that the positive difference between the assets and debt have been observed since the summer of 2019.
In July it became known that the public debt of all countries of the world for the first time in the history of the reach of 101.5 per cent of the world GDP by the end of 2020. The IMF forecasts that the world economy will fall by 4.9 percent this year, the recovery of 5.4 percent is expected in 2021.