In 2025, Russia’s public debt increased by 21% to 35.1 trillion rubles, reports RBC with reference to the report of the Accounts Chamber. The growth, as noted in the document, was ensured exclusively by internal borrowings: the volume of domestic debt increased by 29.1%, to 30.7 trillion rubles. External debt in ruble terms decreased by 15.4%.
The Accounts Chamber also describes the execution of consolidated budgets of the regions in 2025 as a period in which expenditures grew faster than revenues: the growth rate of expenditures amounted to 109.9%, revenues – 105%. The budgets of 68 regions were executed with excessive growth rates of expenditures. According to the results of the year, the consolidated budgets of the constituent entities of Russia had a deficit of Rb 1,538.5bn: 17 regions showed a surplus of Rb 70.2bn, while 73 regions showed a deficit of Rb 1,608.7bn. For comparison: in 2024, 41 regions had a surplus of 340.7 billion rubles and 49 regions had a deficit of 638.5 billion rubles.
In December, during the direct line, President Vladimir Putin said that the reduction in the growth rate of the Russian economy is a conscious measure to curb inflation and maintain macro stability, RBC recalls.
