Siluanov pointed to the government debt of the G7 countries exceeding 120% of GDP.

The public debt of the G7 countries exceeded 120% of GDP, while in developing countries it amounted to about 70% of GDP. This was announced on April 29 by Anton Siluanov, Minister of Finance of the Russian Federation, as part of the Federal Educational Marathon "Knowledge. The first ones."

"We see that countries have recently increased their debts. The debt of the G7 countries alone is more than 120% of GDP. If you look at emerging economies, that's just over 70% of GDP," he said.

Siluanov explained that countries with large public debts are forced to pay more and more funds from their budget to repay loans and service interest. At the same time, global inflation is rising and borrowers will have to spend even more money on debt servicing, he said.

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On April 19, the International Monetary Fund published a report according to which Russia's public debt by the end of 2025 was the lowest among the G20 member countries. Russia's total debt amounted to 18% of GDP. At the same time, it is clarified that the level below 60 is considered safe.%