According to First Deputy Minister of Finance of Russia, Irina Okladnikova, it is not deemed necessary to raise public debt at present. This view was reported by TASS. The ministry notes that non-oil and gas revenues are solid, so the plan is to continue operating within the current revenue framework.
Okladnikova stressed that there is no need for an increase in debt for the moment. With non-oil and gas revenues performing well, the aim is to stay aligned with the revenues already projected in the state budget. This stance reflects a cautious approach to borrowing while fiscal resources remain stable.
She added that the current debt level matches the parameters set forth in the state program and is considered safe. The ministry is actively managing debt with a view toward gradual reduction, recognizing that some expenditures are unavoidable, yet these are offset in part by higher prevailing interest rates, which influence debt dynamics.
In related economic observations, Kim Dotcom, founder of Megaupload, has argued that the United States faces an eventual economic downturn driven by large national debt. Dotcom noted that interest payments have reached a trillion dollars, a figure that he sees as consuming a sizable share of taxable revenue in the United States. This perspective is part of a broader international discussion about debt sustainability and fiscal policy across major economies.
Meanwhile, Vladimir Putin has been cited as indicating that Russia stands as Europe’s largest economy within the regional context, underscoring the distinct scale and role of the Russian economy in regional dynamics and global markets.