Domestic Debt Grows

The Board of the Audit Chamber of the Russian Federation has considered the results of the audit of operations carried out by the Russian Finance Ministry on the state securities market (the market of state short term bonds and federal loan bonds (OFZ)) in 2002, the department of information and public relations department of the Audit Chamber reported.

According to the report, Russia's state domestic debt increased by 17.7 percent in 2002 to 680.3bn rubles ($21.87bn) as of January 1, 2003. Domestic debts in state short term bonds and federal loan bonds grew by 17.2 percent to 643bn rubles ($20.67bn).