The costs of the RF to the servicing of the national debt approached 1% of GDP

Moscow. October 27. The cost of servicing the public debt of the Russian Federation amount to 650 billion rubles, or 0.8% of the GDP, said Finance Minister Anton Siluanov at the parliamentary hearings in the Federation Council.

According to him, the Finance Ministry is at quite high rates – on the order of 10-11%, and the servicing of the national debt “crowd out” other spending budget items. This is another argument in favor of the need to restrain the budget deficit, the share of debt service costs should not increase, but rather decrease, the Minister said.