BFM.RU. The amount of Russia’s internal public debt, expressed in government securities, climbed Rub 1.08 tln (up 43.87%) to Rub 3.54 tln in January-September 2011, the Finance Ministry of Russia said in a statement.
In September 2011 the indicator rose Rub 300 bln (9.25%) on the month.
As of January 1, 2011 the indicator stood at Rub 2.46 tln.
In the past the Finance Ministry of Russia bumped up public debt much slower. Specifically, in November 2010 the metric climbed Rub 54.9 bln on the month to Rub 2.22 tln, and in January-November 2010 the indicator surged Rub 388.8 bln. In January-July 2010 the pace of growth was much slower: at that time the metric jumped Rub 136 bln to Rub 1.97 tln. In 2010 Russia’s internal public debt, expressed in securities, leapt 34% to Rub 2.46 tln (the ministry’s data). The Audit Chamber that exploits another calculation methodology provided other data (a spike of 28.6% to Rub 4.1 tln).
The overall acceleration of Russia’s internal public debt growth is in line with the policy announced by the government. The Finance Ministry of Russia proposed, and the Cabinet approved a 3-fold increase in pubic debt from the current Rub 4.6 tln (9% of GDP) to Rub 12 tln (17% of GDP) as of year-end 2014.
