Russia has kept its public debt at about 15 percent of GDP, and the economy maintains a confident stance despite global uncertainties. This view was conveyed during questions from deputies in the State Duma as officials discussed the country’s fiscal posture. In conversations about debt levels, the government stressed that Russia sits within what it described as a comfortable debt range, signaling resilience to shifting international financial conditions.
The leadership highlighted that the public debt remains a modest share of the economy, with figures hovering around 15 percent of GDP. They noted that there is no need to disclose debt figures for unfriendly economies, reminding audiences that even in many developing nations debt burdens exceed 60 percent of GDP. In this context, Russia asserted it can maintain steadiness and financial health under current conditions, thanks to prudent budget management and flexible fiscal planning.
The government also signaled that the budget deficit is anticipated to narrow gradually. Officials explained that the deficit level recorded in the early part of the year reflects planned transfers and adjustments in annual expenditures rather than an inherent fiscal weakness. These comments were framed as part of a broader strategy to align spending with revenue streams while maintaining essential investments in growth-supporting programs.
Discussion extended to the trajectory of external and domestic debt, with attention given to how debt levels evolved in the recent period. Domestic public debt reached values that marked a notable shift in the national debt profile, signaling a maturing debt market and a measured approach to financing. The overall debt picture was described as manageable, with a focus on maintaining financial stability and safeguarding creditworthiness in international markets.
Looking ahead, policymakers stressed that the fiscal framework is designed to support a cautious yet steady path toward reducing deficits and maintaining a healthy debt ratio. They pointed to structural measures, ongoing macroeconomic balance, and disciplined budget execution as pillars that help shield the economy from external shocks while ensuring long-term investment capacity. The conversation underscored the importance of transparent, predictable fiscal policy and the role of prudent debt management in sustaining economic confidence for citizens and international partners alike.