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.

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 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.

The federal budget in Russia showed a deficit in the second quarter of 2023, at around 2.4 trillion Russian rubles. In the last quarter of 2020, the budget went into a deficit at approximately 4.1 trillion Russian rubles, the lowest figure over the observed period.

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 Federal Government Deficit Financing data was reported at -1,668.019 RUB bn in Mar 2025. This records a decrease from the previous number of 995.000 RUB bn for Feb 2025. Russia Federal Government Deficit Financing data is updated monthly, averaging -10.200 RUB bn from Jan 1995 (Median) to Mar 2025, with 363 observations. The data reached an all-time high of 3,863.160 RUB bn in Dec 2022 and a record low of -1,668.019 RUB bn in Mar 2025. Russia Federal Government Deficit Financing 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.

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 RU: Central Government: Cash Surplus/Deficit data was reported at -980,724.439 RUB mn in 2017. This records an increase from the previous number of -2,932,640.339 RUB mn for 2016. Russia RU: Central Government: Cash Surplus/Deficit data is updated yearly, averaging -528,077.546 RUB mn from Dec 2012 (Median) to 2017, with 6 observations. The data reached an all-time high of 1,176,200.000 RUB mn in 2012 and a record low of -2,932,640.339 RUB mn in 2016. Russia RU: Central Government: Cash Surplus/Deficit data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Russian Federation – Table RU.IMF.IFS: Government Finance: Cash Flow Statement: Annual.

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.

Russia RU: Central Government: Cash Surplus/Deficit data was reported at 637,000.000 RUB mn in Jun 2018. This records an increase from the previous number of 571,800.000 RUB mn for Mar 2018. Russia RU: Central Government: Cash Surplus/Deficit data is updated quarterly, averaging 41,500.000 RUB mn from Mar 2012 (Median) to Jun 2018, with 26 observations. The data reached an all-time high of 703,400.000 RUB mn in Jun 2014 and a record low of -1,876,100.000 RUB mn in Dec 2014. Russia RU: Central Government: Cash Surplus/Deficit data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Russian Federation – Table RU.IMF.IFS: Government Finance: Cash Flow Statement: Quarterly.

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.

Russia recorded a trade surplus of 8720 USD Million in May of 2025. This dataset provides - Russia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the trade surplus of goods in Russia amounted to about ****** billion U.S. dollars, having sharply decreased from the previous year. The indicator is calculated as exports minus imports of goods. A positive value means a trade surplus; a negative trade balance means a trade deficit. Russia's politics and the effect on the economy Russia has maintained a positive trade balance over the last 10 years, but in 2009, Russian exports slumped significantly due to the economic crisis. Since then, Russia has recovered and the country reports a greater surplus now than it did prior to the crisis. However, Russia’s economy has been weakened recently because of reductions in global oil and gas prices, upon which the Russian economy is largely dependent, and because of international tensions as a result of Russia's invasion of Ukraine. In the past couple of years, Russia has often reacted with hostility to any developments seen as threatening, and as Russia continues to provoke international conflict, this will affect its economy and likely hurt existing trade relations with both import and export partners. As a result, GDP growth was negative in 2015. This has also contributed to significant reductions in GDP per capita, which will directly affect Russian citizens, and more so as Russia’s inflation is peaking, and the unemployment rate continues to rise. In 2015, the inflation rate was close to ** percent. Economic diversification beyond oil and gas in addition to maintaining trade relations would help Russia’s economy.

Russia Federal Government Surplus or Deficit: Year to Date data was reported at -3,472.002 RUB bn in Dec 2024. This records a decrease from the previous number of 578.458 RUB bn for Sep 2024. Russia Federal Government Surplus or Deficit: Year to Date data is updated quarterly, averaging 14.450 RUB bn from Mar 1993 (Median) to Dec 2024, with 128 observations. The data reached an all-time high of 3,086.472 RUB bn in Sep 2019 and a record low of -4,102.465 RUB bn in Dec 2020. Russia Federal Government Surplus or Deficit: 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.FB007: Federal Government Revenue and Expenditure: ytd: Quarterly.

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.

The statistic shows the trade balance of services (exports minus imports of services) in Russia from 2013 to 2023. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2023, the trade deficit of services in Russia amounted to about ***** billion U.S. dollars.

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 recorded a Current Account surplus of 2.90 percent of the country's Gross Domestic Product in 2024. This dataset provides - Russia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Russia from 2013 to 2023. In 2023, agriculture contributed around 3.35 percent to the GDP of Russia, 30.65 percent came from the industry and 56.88 percent from the service sector. Russia's struggling economy Russia is one of the so-called BRIC countries, the four major emerging markets. It is also considered to be one of the fastest growing economies, being one of the world’s leading producers and exporters of oil, natural gas, metals, wood, chemicals, and a wide variety of civilian and military manufactures. In 2015, Russia reported an estimated gross domestic product of about 1.18 billion U.S. dollars, making it one of the countries with the largest gross domestic product in the world. Due to its fast economic expansion, it is also predicted that Russia will have the sixth largest gross domestic product in the world by 2030. Despite a growing economy, Russia's unemployment rate has remained high in recent years. In 2010, the unemployment rate in Russia was at 7.3 percent, and after a slight plunge, it is expected to reach similar heights in the next few years again. Inflation has also increased rapidly in recent years, in 2015, it is expected to double in comparison to 2014, reaching approximately 18 percent - the highest inflation rate of the decade. 2015 is also marked by a large decline of Russia's gross domestic product: Between 2014 and 2015, GDP decreased by almost 5 thousand U.S. dollars. It is, however, expected to recover until 2020. Despite a trade deficit in the services sector from 2003 to 2013, the services sector in Russia has employed yearly over 55 percent of the workforce since 1999.