Source Pravda.Ru

Domestic debt to step up

At the end of 2004, the volume of the domestic debt market will be close to RUR600bn ($19.69bn), Russian Deputy Finance Minister Bella Zlatkis reported today. She believes that, in general, Russia tends to cut its foreign debt and increase the domestic one. In particular, at the end of 2004 Russia's domestic debt will account for more than 25 percent of the aggregate debt.

According to Zlatkis, in the reported period Russia's aggregate debt should account for less than 40 percent of the GDP. Meanwhile, the domestic debt will increase to 20 percent, which will allow to diminish currency risks for the federal budget, the official noted.

Comments
Western media still horrified about Russia's Doomsday weapon
UN to say amen to aggression against Syria
UN to say amen to aggression against Syria
War between USA and Russia will break out only if Americans cross Russia’s red lines
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
Israel can learn many lessons with the help of Russia's S-300 air defence systems in Syria
Russian Defense Ministry shows fragments of 'smart missiles' shot down in Syria
Large lake of boiling water found on Mars
USA highly concerned about Russia's cold-blooded silence in response to missile attack on Syria
UN to say amen to aggression against Syria
Israel vows to destroy Russia's S-300 in Syria in case of danger
Defending the Social Media with the four-letter word
Defending the Social Media with the four-letter word
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
West at a loss: Russia is ready for $40 oil price
West at a loss: Russia is ready for $40 oil price
Iran strongly determined to fight for Golan Heights
Israel vows to destroy Russia's S-300 in Syria in case of danger
Israel vows to destroy Russia's S-300 in Syria in case of danger