the Bank of Russia believes that the Ministry of Finance with high probability will reach the goal of increasing external loans of the Russian Federation from the current $ 3 billion to $ 7 billion in 2017. This is stated in the financial stability review, Bank of Russia.
“the Finance Ministry is planning to increase the maximum amount of external borrowing from $ 3 billion to $ 7 billion in 2017. In 2016, the Finance Ministry has successfully placed two issues of 10‑year Eurobonds worth $ 3 billion, which was in high demand. Thus, the aim of the Ministry of Finance for the significant increase in loans with a high probability will be achieved,” the report said.
the Central Bank thinks that contribute to the achievement of the goal will be low the ratio of public debt to GDP in Russia compared to other countries.
however, the report noted that in addition to the state internal and external debt need to take into account the debt of constituent entities of Russia, as well as the debt of public corporations to private creditors.”Subject to these articles, the state debt to GDP ratio is at a higher level, but, nevertheless, is safe,” – said in the document.
Earlier, Finance Minister Anton Siluanov said that Russia in 2017 will return to external borrowing at $ 7 billion, however, Russia should not focus on the external market, while “we put a spoke in the wheel.”
Russian news Agency TASS
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