Source Pravda.Ru

Russia's internal debt reached 40% of GDP in 2002

The amount of internal debts of Russia reduced by 9% of the GDP to about 40% of the GDP in 2002, the Government Information Department reported. The expenditures on servicing government debts decreased from 2.6% of the GDP in 2001 to 2.3% of the GDP in 2002.

Additionally, securities with a term of circulation of six years were placed for the first time in the history of Russia's state securities market in 2002. Moreover, the interest rates for medium-term financial instruments decreased to 13-13.5%, and the corresponding figure for long-term instruments fell to about 14%. An increase in the term and a decrease in the interest rates for securities have allowed the saving of 18.4bn ($578.98m) in interest payments. Funds that were saved were allocated for financing urgent budget expenditures.

The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?

Argentina hides the truth about the death of San Juan submarine
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