The Ministry of Finance noted the exclusively market-based nature of the Russian national debt

Russian government debt remains one of the lowest in the world, and its volume is exclusively market-based. This was reported to Izvestia by the Russian Ministry of Finance.

From the calculations of the Accounting Chamber, it became known that spending from the treasury on servicing the national debt increased 1.5 times — in the first six months of 2025, they exceeded 1.5 trillion rubles. The increase in public debt servicing costs is associated with an increase in government borrowing, which is becoming more expensive due to the high key interest rate. At the same time, there are no systemic risks yet.

"Despite the small, by international standards, volume of public debt in Russia, it is exclusively market-based, and is formed in such a way that servicing and repayment of debt obligations ensure predictability and stability of the budget system in the country," the Finance Ministry explained.

Work is currently underway to prepare the budget for 2026-2028. The press service noted that the ratio of public debt to GDP is about 15% - this figure includes government obligations of the Russian Federation, including government guarantees.

Aggravating obligations: budget expenditures on public debt repayment increased 1.5 times

Why are costs increasing and what is the threat?

Earlier, on June 8, Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF), noted that the ratio of Russia's public debt to GDP is less than 20%, while in the case of European countries this figure exceeds 100%, and in the case of the United States — 120%.

All important news is on the Izvestia channel in the MAX messenger.