Russia recorded a Government Budget deficit equal to 1.70 percent of the country's Gross Domestic Product in 2024. This dataset provides - Russia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Russia recorded a government budget deficit of 3690 RUB Billion in June of 2025. This dataset provides - Russia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The budget balance in relation to the gross domestic product (GDP) in Russia stood at about -2.25 percent in 2024. From 1998 to 2024, the budget balance rose by approximately 5.17 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the budget balance will rise by around 0.96 percentage points, showing an overall upward trend with periodic ups and downs.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

Key information about Russia Consolidated Fiscal Balance: % of GDP

• Russia Consolidated Fiscal Balance recorded a deficit equal to 0.4 % of its Nominal GDP in Sep 2024, compared with a deficit equal to 0.5 % in the previous quarter
• Russia Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 1993 to Sep 2024, with an average ratio of -0.5 %
• The data reached an all-time high of 10.0 % in Sep 2006 and a record low of -9.5 % in Dec 1994

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from quarterly Consolidated Fiscal Balance and quarterly Nominal GDP. Federal Treasury provides year-to-date Consolidated Fiscal Balance in local currency. Federal State Statistics Service provides Nominal GDP in local currency based on SNA 2008. Nominal GDP prior to Q4 2011 is based on SNA 1993.


Further information about Russia Consolidated Fiscal Balance: % of GDP

• In the latest reports, Russia National Government Debt reached 291.7 USD bn in Jan 2025
• Russia Nominal GDP reached 494.7 USD bn in Mar 2023

The federal budget in Russia showed a deficit in the second quarter of 2023, at around *** trillion Russian rubles. In the last quarter of 2020, the budget went into a deficit at approximately *** trillion Russian rubles, the lowest figure over the observed period.

Russia Federal Government Budget Balance data was reported at -995.000 RUB bn in Feb 2025. This records an increase from the previous number of -1,706.000 RUB bn for Jan 2025. Russia Federal Government Budget Balance data is updated monthly, averaging 9.850 RUB bn from Jan 1995 (Median) to Feb 2025, with 362 observations. The data reached an all-time high of 834.905 RUB bn in Mar 2024 and a record low of -3,863.160 RUB bn in Dec 2022. Russia Federal Government Budget Balance data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.FB006: Federal Government Revenue and Expenditure: General.

The income of Russia's federal budget reached over 29 trillion Russian rubles in 2021, which was approximately 3.3 trillion Russian rubles below its expenditure. In other words, Russia achieved a budget deficit in that year. For instance, in the second quarter of 2023, the budget deficit was recorded at 2.35 trillion Russian rubles.

Russia National Wealth Fund: Outflow: ow Financing of the Federal Budget Deficit data was reported at 2,900.000 RUB bn in Dec 2023. This records an increase from the previous number of 8.308 RUB bn for Aug 2023. Russia National Wealth Fund: Outflow: ow Financing of the Federal Budget Deficit data is updated monthly, averaging 113.756 RUB bn from Sep 2017 (Median) to Dec 2023, with 24 observations. The data reached an all-time high of 2,900.000 RUB bn in Dec 2023 and a record low of 3.556 RUB bn in Aug 2020. Russia National Wealth Fund: Outflow: ow Financing of the Federal Budget Deficit data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Russia Premium Database’s Government and Public Finance – Table RU.FE002: National Wealth Fund: Cash Flow.

Russia Reserve Fund: RUB Expenditure: Federal Budget Deficit Financing data was reported at 1,000,417.987 RUB mn in Dec 2017. This records an increase from the previous number of 0.000 RUB mn for Nov 2017. Russia Reserve Fund: RUB Expenditure: Federal Budget Deficit Financing data is updated monthly, averaging 0.000 RUB mn from Mar 2010 (Median) to Dec 2017, with 94 observations. The data reached an all-time high of 1,000,417.987 RUB mn in Dec 2017 and a record low of 0.000 RUB mn in Nov 2017. Russia Reserve Fund: RUB Expenditure: Federal Budget Deficit Financing data remains active status in CEIC and is reported by Federal Treasury. The data is categorized under Russia Premium Database’s Government and Public Finance – Table RU.FE004: Reserve Fund: Cash Flow (Discontinued).

Russia: Budget balance forecast, percent of GDP: The latest value from 2030 is -1.29 percent, a decline from -1.17 percent in 2029. In comparison, the world average is -2.33 percent, based on data from 81 countries. Historically, the average for Russia from 1999 to 2030 is 0.17 percent. The minimum value, -4.42 percent, was reached in 2009 while the maximum of 7.76 percent was recorded in 2005.

Russia recorded a Government Debt to GDP of 16.40 percent of the country's Gross Domestic Product in 2024. This dataset provides - Russia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The ratio of the budget balance relative to the National Wealth Fund in Russia was measured at negative ***** percent from April and June 2020. The negative figure refers to the budget deficit. The ratio peaked in the fourth quarter of 2018, when the budget surplus of the country amounted to ** percent of the National Wealth Fund.

Russia Federal Government Budget Balance: Year to Date data was reported at -2,173.000 RUB bn in Mar 2025. This records an increase from the previous number of -3,841.019 RUB bn for Feb 2025. Russia Federal Government Budget Balance: Year to Date data is updated monthly, averaging 37.835 RUB bn from Jan 1993 (Median) to Mar 2025, with 387 observations. The data reached an all-time high of 3,442.689 RUB bn in Nov 2018 and a record low of -4,102.465 RUB bn in Dec 2020. Russia Federal Government Budget Balance: Year to Date data remains active status in CEIC and is reported by Federal Treasury. The data is categorized under Global Database’s Russian Federation – Table RU.FB004: Federal Government Expenditure: ytd.

Budget Surplus or Deficit: Smolensk Region: Year to Date data was reported at 1,763,290,107.030 RUB in Jul 2018. This records an increase from the previous number of 541,703,280.790 RUB for Jun 2018. Budget Surplus or Deficit: Smolensk Region: Year to Date data is updated monthly, averaging 510,925,742.800 RUB from Jan 2005 (Median) to Jul 2018, with 163 observations. The data reached an all-time high of 2,713,383,981.000 RUB in Apr 2010 and a record low of -7,303,081,478.580 RUB in Dec 2013. Budget Surplus or Deficit: Smolensk Region: Year to Date data remains active status in CEIC and is reported by Federal Treasury. The data is categorized under Russia Premium Database’s Government and Public Finance – Table RU.FD014: Regional Consolidated Budget: ytd: Central Federal District: Smolensk Region.

The ratio of Russia's general government balance to the country's gross domestic product (GDP) was estimated at negative *** percent in 2023. Furthermore, the figures were forecast to remain negative in the following three years. Over the observed period, the highest share of the fiscal balance to GDP was measured at *** percent in 2021.

Budget Surplus or Deficit: Kaliningrad Region: Year to Date data was reported at 2,860,878,233.810 RUB in Jul 2018. This records an increase from the previous number of -169,988,118.360 RUB for Jun 2018. Budget Surplus or Deficit: Kaliningrad Region: Year to Date data is updated monthly, averaging 738,441,801.530 RUB from Jan 2005 (Median) to Jul 2018, with 163 observations. The data reached an all-time high of 8,147,449,205.530 RUB in Sep 2009 and a record low of -11,067,917,027.180 RUB in Dec 2015. Budget Surplus or Deficit: Kaliningrad Region: Year to Date data remains active status in CEIC and is reported by Federal Treasury. The data is categorized under Russia Premium Database’s Government and Public Finance – Table RU.FD023: Regional Consolidated Budget: ytd: North Western Federal District: Kaliningrad Region.

Russia Consolidated Government Budget Balance: Year to Date data was reported at -1,860.299 RUB bn in Feb 2025. This records a decrease from the previous number of -720.630 RUB bn for Jan 2025. Russia Consolidated Government Budget Balance: Year to Date data is updated monthly, averaging 226.142 RUB bn from Jan 1993 (Median) to Feb 2025, with 386 observations. The data reached an all-time high of 4,625.466 RUB bn in Nov 2018 and a record low of -6,132.580 RUB bn in Feb 2023. Russia Consolidated Government Budget Balance: Year to Date data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.FA004: Consolidated Government Expenditure: ytd.

Russia Consolidated Government Budget Balance: Year to Date: excl Oil & Gas Revenues data was reported at -3,420.635 RUB bn in Feb 2025. This records a decrease from the previous number of -1,509.692 RUB bn for Jan 2025. Russia Consolidated Government Budget Balance: Year to Date: excl Oil & Gas Revenues data is updated monthly, averaging -2,834.728 RUB bn from Jan 2011 (Median) to Feb 2025, with 170 observations. The data reached an all-time high of 186.576 RUB bn in Jan 2016 and a record low of -14,356.143 RUB bn in Dec 2024. Russia Consolidated Government Budget Balance: Year to Date: excl Oil & Gas Revenues data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.FA006: Consolidated Government Deficit Financing: ytd.

Budget Surplus or Deficit: Republic of Kalmykia: Year to Date data was reported at -652,445,557.650 RUB in Jul 2018. This records an increase from the previous number of -692,083,054.570 RUB for Jun 2018. Budget Surplus or Deficit: Republic of Kalmykia: Year to Date data is updated monthly, averaging 63,101,272.100 RUB from Jan 2005 (Median) to Jul 2018, with 163 observations. The data reached an all-time high of 2,645,559,565.220 RUB in Oct 2012 and a record low of -1,575,900,370.960 RUB in Dec 2013. Budget Surplus or Deficit: Republic of Kalmykia: Year to Date data remains active status in CEIC and is reported by Federal Treasury. The data is categorized under Russia Premium Database’s Government and Public Finance – Table RU.FD030: Regional Consolidated Budget: ytd: Southern Federal District: Republic of Kalmykia.

Russia Federal Government Primary Surplus or Deficit data was reported at -3,761.148 RUB bn in Dec 2022. This records a decrease from the previous number of -558.046 RUB bn for Nov 2022. Russia Federal Government Primary Surplus or Deficit data is updated monthly, averaging 46.000 RUB bn from Jan 1999 (Median) to Dec 2022, with 288 observations. The data reached an all-time high of 1,271.256 RUB bn in Oct 2022 and a record low of -3,761.148 RUB bn in Dec 2022. Russia Federal Government Primary Surplus or Deficit data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.FB006: Federal Government Revenue and Expenditure: General.