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Saturday, March 06, 2021

RUSSIA'S NATIONAL DEBT

According to U S Debt Clock, the national debt of Russia, on 6th March 2021 is $307 billion, with a public debt to GDP ratio of 18%, and external debt to GDP ratio of 38%

For the UK these are $3.6 trillion, 109% and 314%

In other words, Russia has a tenth the national debt of the UK, and an economy that can repay that debt easier.

Perhaps it might have something to do with not relying on spivs gambling, and invading everywhere?

Just askin' for a friend.

PS the USA, the home of freedom and democracy, land of the free, home of the brave n all that, currently has a national debt of $28 trillion. Four years ago when Trump had just been inaugurated that debt was $20 trillion. In other words, Trump, who said he'd get the national debt under control, added $8 trillion to the national debt.

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