OREANDA-NEWS  According to the data for the first nine months of 2024, Russia's national debt has grown by 4.3% compared to the same period in 2023, reaching approximately 26.707 trillion rubles. This is stated in the report by the Accounting Chamber.

In monetary terms, the increase amounts to approximately 1.11 trillion rubles, according to the ministry. As of October 1, the national debt of Russia stood at 13.6% of GDP.

During the reporting period, the domestic debt increased by 4.6% year-on-year, or by 948.1 billion rubles. By the beginning of October, the figure stood at 21.76 trillion rubles. In contrast, the total external debt by this time increased by 3.4% (by 163.4 billion) and reached 4.94 trillion, as per the Accounting Chamber.

The department attributed the expansion of the national debt to an increase in borrowing through federal loan bonds. Consequently, the public debt for OFZ-PD expanded by 722.4 billion rubles (an increase of 6.6%) during the reporting period, while OFZ-PC increased by 238.6 billion rubles (an increase of 3.1%), and OFZ-IN increased by 87.7 billion rubles (an increase of 7.5%), according to the report.

In a previous report, analysts at the International Monetary Fund (IMF) revised their forecast for the public debt of Russia and its regions in 2024, reducing it from the previous estimate of 20.8% to 19.9% of the national GDP. However, according to their projections, the total debt obligations of the country are expected to rise to 20.4% of GDP next year, and by 2029, they anticipate that the debt will reach 25.1% of GDP.