Public debt indicators in Russia stand stronger than in several peers, a point highlighted during a working meeting between President Vladimir Putin and Economic Development Minister Maxim Reshetnikov. The discussion focused on fiscal health and how Russia’s balance sheet compares with international standards.
Putin noted that Russia’s government debt equals 14.9 percent of GDP, calling it a solid gauge for fiscal stability. In contrast, the United States shows a debt burden around 121.7 percent of GDP, while the Eurozone hovers near 90.9 percent. Within Europe, Germany’s public debt runs about 66.5 percent and France around 111.1 percent, illustrating varied debt dynamics across major economies.
According to data from the Central Bank, reports by RIA Novosti indicate that Russia’s foreign debt has fallen to its lowest level in fifteen years, dating back to the first quarter of 2007. Last year, Russia’s foreign debt declined by 21.1 percent to 380.5 billion dollars, trimming roughly 101.8 billion dollars over the year.
While answering questions from deputies in the State Duma, Prime Minister Mikhail Mishustin noted that Russia’s public debt stands at about 15 percent of GDP and emphasized a sense of economic confidence and resilience in the broader economy.
In remarks at the plenary session of the Valdai International Discussion Club, Putin revisited the topic of public debt across Russia, Europe, and the United States. He argued that Russia’s public debt is fundamentally lower than in the Eurozone, the United Kingdom, and the United States, reflecting a comparatively tighter fiscal posture.