Why is national debt growing?

Deputy Dean of the Finance and Economics Department of the Financial University under the Government of the Russian Federation, Lola Sangvinova, spoke about the main reasons for the growth of public debt in Russia, what is involved in the growth of debt and whether it is possible to solve the problem of public debt in the near future. According to the materials of the Ministry of Finance, in 2013 national debt will reach 14.3% of GDP against expected an 12.8 % of GDP. It is expected that the debt will increase annually. The Ministry of Finance plans to borrow on the domestic and overseas markets. The plans for external borrowing remain at the level of $7 billion annually.