Debt burden of non-financial sector amounted to about 80% of GDP


Moscow. November 3. Total debt burden of non-financial sector now accounts for about 80% of GDP, said the head of the Central Bank Elvira Nabiullina during the discussion of the single monetary policy in the Duma.

“From the point of view of further development of crediting us, of course, concerned about the level of debt and the growth rate of overdue debt in the economy in General and industry-wise. The total level of debt of non-financial sector, including foreign loans, bond loans, now is about 80% of GDP”, – said the head of the Central Bank.

She noted that it is at least lower than in many developed countries, but higher than in a wide range of emerging markets with which it compares itself: for example, in the Czech Republic, Turkey, India, Poland, South Africa, Mexico, Indonesia. Of the BRICS countries, the debt burden of non-financial sector is higher only in China.