Source Pravda.Ru

In 8-10 Years Russia May Pay Off All of Its External Debt

In the next 8-10 years Russia may pay off all of its external debt, Russian Presidential Economic Adviser Andrei Illarionov has concluded.

According to him, it will be the case only if today's economic and debt policies are carried out in the future.

Speaking on Tuesday at a press conference in Moscow Illarionov noted that over the past four years the Government had been carrying out a sensible budget policy ensuring the budget's surplus. Thus, Russia was able to meet its external debt commitments, the Presidential Economic Adviser added.

He reported that Russia's external debt had dropped from $157 billion on January 1st, 1999, to about $110 billion on January 1st, 2003.

Comments
Presidential and midterm elections in the USA change the 'American project' entirely
USA plays to pretend a mighty dragon that can no longer breathe fire
Presidential and midterm elections in the USA change the 'American project' entirely
Brexit: The UK's misunderstanding of Democracy
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Nagorno-Karabakh: 20,000 people killed, but no one is interested
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Russia rips its economy apart with help from the West
Brexit: The UK's misunderstanding of Democracy
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Argentina hides the truth about the death of San Juan submarine
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Why Trump tries to re-industrialize America
Russians lose faith in their future, get ready for worse
Theatrical posters depicting naked dancers banned in Russian provincial city
Brexit: The UK's misunderstanding of Democracy
Brexit: The UK's misunderstanding of Democracy
Russians lose faith in their future, get ready for worse
USA plays to pretend a mighty dragon that can no longer breathe fire