Auditor of the Accounts Chamber Alexei Savatyugin: Russia's national debt will grow in the coming years 
there is no financial system. This is how the auditor of the Accounts Chamber, Alexei Savatyugin, assessed the state of the Russian public debt, he is quoted by RIA Novosti.
The draft federal budget for the next three years states that the volume of public debt will grow to 21.1 percent of GDP in 2024. By the end of this year, it is projected to increase from 17.7 to 17.8 percent of GDP, by the end of 2022 – up to 19.4 percent, by 2023 – up to 20.3 percent.
According to Savatyugin , it is impossible to accurately name the border of the state debt, after which the risks begin, since it depends on the economic structure and financial system of a particular state.
“In Russia, it also depends on the risks we are trying to protect ourselves from. Now we see, according to the budget submitted for the next three years, that the overall level of our national debt is growing. However, in relation to GDP, it remains small – Russia is in the bottom ten countries in the world by this indicator, “Savatyugin said.
He said that the global debt to global GDP is about 98 percent. For the European Union and Great Britain, this figure is slightly less than 100 percent, for Japan – about 250 percent. More than 100 percent of the national debt of GDP in Italy, Spain, Belgium and Canada, the auditor noted.
Savatyugin stressed that growth in the near future will be associated with domestic debt – ruble bonds, which are bought by local investors.
“We do not see any risks to the stability of the Russian budget or the financial system either in terms of the total amount of debt or its structure,” he concluded.
Earlier, the Accounts Chamber spoke about an “ambitious target” for growth Russia's GDP. This figure should grow by three percent in 2022-2024, the ministry said.