Russia Sees 21 Percent Increase in National Debt
The country's total sovereign debt reached 35.1 trillion rubles ($438.75 billion) by year's end, Vedomosti reported, citing figures drawn from a report by the Russian Accounts Chamber, the nation's supreme state audit body.
The surge was driven primarily by a steep climb in domestic borrowing. Russia's internal debt swelled by 29.1%, rising 6.9 trillion rubles ($86.25 billion) to reach 30.7 trillion rubles ($383.75 billion) — underscoring the government's growing reliance on local financing amid sustained international pressure.
External debt, by contrast, moved in the opposite direction, contracting by 15.4%, or 818.4 billion rubles ($10.23 billion), to settle at 4.5 trillion rubles ($56.25 billion).
External debt encompasses the combined obligations of the state, banking institutions, corporations, and other organizations, including a portion of loans owed to foreign creditors. State external debt, however, refers exclusively to liabilities held by government authorities.
The figures paint a picture of an economy increasingly turning inward to fund its obligations, as external financing channels continue to narrow.
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