VRP: Debt increase to 42.4% of GDP is realistic

(CIANEWS) - The Committee on Budgetary Projections (CBR) has assessed the Ministry of Finance's 2022-2023 government sector revenue projection made in August this year as realistic. According to the MF, the institutions' performance in 2022 reflects the economic consequences of Russia's aggression against Ukraine, assistance to households and firms affected by price increases, as well as spending triggered by the Covid-19 epidemic. The department expects a deficit of 3.8% of GDP. The fiscal policy set is expected to lead to a structural deficit of 3.0% of GDP and an increase in debt to 42.4% of GDP.



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