Sunday, August 5, 2018

Now picture clears...

I do remember that in 2015 we all was so much in panic that have not time to look at figures which are obvious now... Government changed exchange rates in order to cover the budget expenses which were more in 2014 and 2015 than income of the budget. Part of this expenses was financed from debts and part was financed from the difference in currency rate. This what I understand from the figures now...

Income in 2014-18400.6, in 2015-19438.00

Expenses in 2014-18699.3, in 2015-21100.00

Debt raise from 8.2% to 8.6% of GDP