Siluanov pointed out the inadmissibility of exceeding the state debt of the Russian Federation by 20% of GDP.

The government debt of the Russian Federation should not exceed 20% of GDP, which is an advantage of the Russian economy. This was announced on December 2 by Finance Minister Anton Siluanov at the Russia Is Calling! forum.

"Our medium-term debt forecast should not exceed the 20% threshold of GDP. I believe that this is an advantage of our economy," Siluanov said.

He also noted that withdrawing funds from the economy through taxes is better for the interest rate, inflation and the economy, and an increase in the debt burden, respectively, has negative consequences for the budget, inflation and interest rates.

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Earlier, on October 25, Kirill Dmitriev, Head of the Russian Direct Investment Fund (RDIF) and Special representative of the President of the Russian Federation for economic cooperation with foreign countries, called the ratio of Russia's public debt to GDP one of the lowest in the world.

Prior to that, on October 24, the head of the Central Bank (CB) of the Russian Federation, Elvira Nabiullina, said that the Russian economy was gradually recovering from last year's overheating. According to the head of the Central Bank, the economy will come out of overheating in the first half of next year. It was noted that, taking into account its actual dynamics, the Central Bank lowered its forecast for GDP growth for the current year to 0.5–1%.

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