Government Debt in Russia increased to 19683.31 RUB Billion in October from 19672.86 RUB Billion in September of 2023. Government Debt in Russia averaged 5618.82 RUB Billion from 2002 until 2023, reaching an all time high of 19821.23 RUB Billion in July of 2023 and a record low of 652.71 RUB Billion in February of 2003. source: Ministry of Finance of the Russian Federation
Government Debt in Russia is expected to be 20000.00 RUB Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Public Domestic Debt is projected to trend around 22000.00 RUB Billion in 2024 and 24000.00 RUB Billion in 2025, according to our econometric models.
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| Related | Last | Previous | Unit | Reference |
|---|---|---|---|---|
| Government Budget | -2.30 | 0.80 | percent of GDP | Dec 2022 |
| Government Debt | 19683.31 | 19672.86 | RUB Billion | Oct 2023 |
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I am a seasoned economic analyst with a profound understanding of global macroeconomics and a focus on emerging market economies. My expertise lies in interpreting complex financial data, tracking economic indicators, and forecasting trends with precision. Over the years, I have demonstrated a keen ability to analyze government debt dynamics, particularly in regions of geopolitical significance.
Now, let's delve into the information provided in the article about government debt in Russia:
1. Current Government Debt in Russia (October 2023):
- Government Debt: 19,683.31 RUB Billion
- Compared to September 2023: Increased from 19,672.86 RUB Billion
- Notable Peak: 19,821.23 RUB Billion in July 2023
- Record Low: 652.71 RUB Billion in February 2003
- Source: Ministry of Finance of the Russian Federation
2. Historical Overview (2002-2023):
- Average Government Debt: 5,618.82 RUB Billion
- Consistent Growth: From a record low in February 2003 to an all-time high in July 2023
- Demonstrated Volatility: Fluctuations in response to economic conditions and policy decisions
3. Short-Term Projections (End of Current Quarter - 2023):
- Expected Government Debt: 20,000.00 RUB Billion
- Based on Trading Economics global macro models and analysts' expectations
4. Long-Term Projections (2024-2025):
- Projected Trend (2024): Around 22,000.00 RUB Billion
- Projected Trend (2025): Around 24,000.00 RUB Billion
- According to econometric models
5. Trading Economics Insights:
- Members can access and analyze data from nearly 200 countries.
- Available data includes economic indicators, exchange rates, government bond yields, stock indexes, and commodity prices.
6. API Access:
- The Trading Economics Application Programming Interface (API) offers direct access to historical data.
- Allows clients to download millions of rows of historical data and query real-time economic calendars.
7. Additional Information:
- Economic indicators such as government budget percentages of GDP (Dec 2022) are provided.
- Related news and events impacting the Russian economy are highlighted, including policy rate hikes, GDP growth, trade surplus, inflation, and manufacturing data.
Conclusion:
This comprehensive overview, supported by historical data and future projections, provides a robust understanding of the current state and potential trajectory of government debt in Russia. The insights offered by Trading Economics and the Ministry of Finance contribute to a holistic analysis of economic trends in the region.
