The Russian Ministry of Finance announced today, Tuesday, that the Russian public debt reached about 20 percent of the gross domestic product in 2026, coinciding with a 43 percent increase in total government borrowing to about $92 billion.
The ministry said in a statement that Russia's total public debt is expected to rise to about 21.7 percent of GDP in 2027, as the government continues to need to finance public spending and cover budget needs.
