MOSCOW, March 18. /TASS/. Russia’s public debt increased by 13.5% or almost 3.5 trillion rubles ($41.5 bln) in 2024 and totaled 29 trillion rubles ($344 bln), according to an analytical note by the Accounts Chamber on the execution of the federal budget for 2024.
"In 2024, the public debt of the Russian Federation increased by 3,445.5 billion rubles, or 13.5%, and as of January 1, 2025, amounted to 29.04 billion rubles, or 14.5% of GDP according to the first estimate of the Federal Statistics Service," the document says.
According to the analytical note of the Accounts Chamber, the volume of the country’s internal debt increased by 2.93 trillion rubles ($34.7 bln), or 14.1%, and amounted to 23.74 trillion rubles ($281 b ln), or 89% of the upper limit of Russia’s state internal debt (26.68 trillion rubles ($316 bln)). Thus, its share in the total volume of the Russian Federation's public debt increased from 81.3% to 81.8%.
As of January 1, 2025, Russia’s external public debt amounted to $52.109 bln, or 49.9 bln euros (82.7% of the upper limit of the external public debt of Russia in the amount of $63 bln, or 88.1% of the upper limit of Russia’s external public debt in the amount of 56.7 bln euros) and decreased by $1.2 bln (increased by 1.7 bln euros), or 2.3% (3.6%) compared to the volume as of January 1 of 2024 ($ 53.3 bln).
As the analytical note of the Accounts Chamber noted, the costs of servicing Russia’s public debt in 2024 increased by 604.5 bln rubles ($7.2 bln), or 35.1%.