Russia's Public Debt Expected to Reach 19.1% of GDP by End of 2024
Share:
Russia's public debt is projected to reach 19.1 percent of gross domestic product by the end of this year, according to new forecasts. The debt level is expected to continue rising significantly over the next decade, with projections showing it could reach approximately 27 percent of GDP by 2030. This represents a substantial increase in Russia's debt burden, reflecting the ongoing economic pressures facing the country amid international sanctions and military spending related to its war in Ukraine.