Russia Public Debt (2024)

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Russia Public Debt? ›

Public debt in Russia averaged 15.4% of GDP in the decade to 2022, below the average of 32.5% of GDP for Eastern Europe. Public debt in Russia was 18.9% of GDP in 2022.

Russia National Government Debt reached 281.6 USD bn in Feb 2024, compared with 287.8 USD bn in the previous month. Russia National Government Debt data is updated monthly, available from May 2009 to Feb 2024. The data reached an all-time high of 384.2 USD bn in Jun 2022 and a record low of 86.1 USD bn in May 2009.

MOSCOW, 13th April, 2024 (WAM) – Russia's external debt declined by $12.8 billion, or 4.1%, to $304 billion in the first quarter of 2024, the Central Bank posted on its website.

In 2023, aggregate local government debt had risen to 92 trillion yuan ($12.58 trillion) and the central government of People's Republic of China ordered its banks to roll over debts in a debt-restructuring. China's gross external debt in 2023 was $2.38 trillion.

Public Debt forecasts and outlook for Ukraine

Public debt averaged 64.0% of GDP in the decade to 2022, above the average for Eastern Europe of 32.5% of GDP. Public debt in Ukraine was 78.5% of GDP in 2022.

The 2024 budget expects revenues of 35 trillion rubles ($349 billion) with expenditure of 36.6 trillion, based on a Urals oil forecast of $71.30 per barrel, a 90.1 rubles to 1 USD exchange rate and inflation of 4.5%. Defence spending will double to 10.78 trillion, 29.4% of expenditure.

The national debt in Germany was forecast to continuously increase between 2024 and 2029 by in total 195.6 billion U.S. dollars (+6.76 percent). After the tenth consecutive increasing year, the national debt is estimated to reach 3.1 trillion U.S. dollars and therefore a new peak in 2029.

Around 70% of Japanese government bonds are purchased by the Bank of Japan, and much of the remainder is purchased by Japanese banks and trust funds, which largely insulates the prices and yields of such bonds from the effects of the global bond market and reduces their sensitivity to credit rating changes.

Which country is not in debt? ›

Singapore is one of Asia's major financial centers. It is also one of the most prosperous countries on the planet. And all this has been achieved without taking on any meaningful public debt. In fact, very much like Norway, Singapore has more assets than debt.

Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Russia unemployment rate for 2022 was 3.87%, a 0.85% decline from 2021. Russia unemployment rate for 2021 was 4.72%, a 0.87% decline from 2020.

The public owes 74 percent of the current federal debt. Intragovernmental debt accounts for 26 percent or $5.9 trillion. The public includes foreign investors and foreign governments. These two groups account for 30 percent of the debt.

German general government debt up in 2023 by €62 billion to €2.62 trillion, debt ratio down from 66.1% to 63.7% General government debt in Germany increased by €62 billion in 2023 to €2.62 trillion.

North Korea's total external debt was estimated at 5.9~14.7 billion dollars as of the end of 2021. Among them, debt to public institutions accounted for 2.3~11.1 billion dollars, and debt to financial institutions accounted for 3.6 billion dollars.

At its dissolution at the end of 1991, the Soviet Union began a Russian Federation with a growing pile of $66 billion in external debt and with barely a few billion dollars in net gold and foreign exchange reserves. The complex demands of the modern economy somewhat constrained the central planners.