Estimate of External Debt of the Russian Federation as of March 31, 2024 (2024)

FAQs

Estimate of External Debt of the Russian Federation as of March 31, 2024? ›

According to the Bank of Russia's estimate, external debt of the Russian Federation as of March 31, 2024 totaled $304.0 billion, having decreased by $12.8 billion, or by 4.1%, since the end of 2023.

Russia External Debt reached 304.0 USD bn in Mar 2024, compared with 316.8 USD bn in the previous quarter. Russia External Debt: USD mn data is updated quarterly, available from Dec 2000 to Mar 2024. The data reached an all-time high of 732.8 USD bn in Jun 2014 and a record low of 146.3 USD bn in Dec 2001.

The external debt of the Russian Federation as of December 31, 2023 amounted to $316.8 billion, having decreased by $68.2 billion, or by 17.7%, since the end of 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.

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.

Overall, expenditure is planned to reach 36.6 trillion rubles ($401bn) in 2024 (a 26.2% annual rise.) This spending frenzy is funded partly by oil revenue, which Western sanctions failed to stanch. It's also supported by increased tax collection, driven by higher economic activity.

Exposure to Russian debt was highest in Italy and France, where upwards of $25 billion was owed each at the end of the third quarter of 2021. In Austria and the U.S., exposure stood at $17.5 billion and $14.7 billion, respectively.

Ukraine National Government Debt reached 135.2 USD bn in Feb 2024, compared with 136.1 USD bn in the previous month. Ukraine National Government Debt data is updated monthly, available from Dec 2004 to Feb 2024.

Although the national debt is the responsibility of the government and is overseen by a government department, the issuance of debt instruments and the raising of debt through loans and other means is left in the hands of the Central Bank of the Russian Federation, which is also known as the Bank of Russia.

How much money does the president of Russia make? ›

The president is the chair of the Federal State Council and the supreme commander-in-chief of the Russian Armed Forces. It is the highest office in Russia. 8,900,000₽ or US$120,000 per annum est. The modern incarnation of the office emerged from the president of the Russian Soviet Federative Socialist Republic (RSFSR).

The United States has the world's highest national debt with $30.1 trillion owed to creditors as of the first quarter of 2023. Washington's debt now stands at $31.4 trillion, raising further concerns about US government spending and borrowing costs.

According to the Bank of Russia's estimate, external debt of the Russian Federation as of March 31, 2024 totaled $304.0 billion, having decreased by $12.8 billion, or by 4.1%, since the end of 2023.

Japan has the highest percentage of national debt in the world at 259.43% of its annual GDP.

U.S. publicly held debt 2013-2024

In March 2024, the public debt of the United States was around 34.59 trillion U.S. dollars, almost two trillion more than in July when it was around 32.6 trillion U.S. dollars.

Which Countries Hold the Most U.S. Debt in 2022? Today, America owes foreign investors of its national debt $7.3 trillion.

Russia successfully warded off the immediate contagion effects from Asia and retained market access for longer than many observers expected. However, it finally succumbed to collapsing confidence and declared a default on its debts in August 1998.