“Expert RA”: the debt burden of the Russian regions fell to a minimum in 10 years

Last year, the national debt of the Russian regions decreased by 2.3%, to 3.1 trillion rubles, despite the expected growth, experts said. In the report “Regional budgets and the economy in conditions of instability: the results of 2024”, analysts note that the decrease in the debt burden occurred due to the write-off of 25 regions of debt on budget loans by 25.9 billion rubles, as well as partial repayment of previously attracted infrastructure budget loans and repayment of loans from the budget for advanced financing of expenditures. The report is available to RBC. The debt burden decreased with the size of the debt and amounted to 17.8% of the total tax and non-tax revenues of the regions, which was the lowest over the past 10 years, analysts added. At the same time, the debt burden fell most in the Yamalo-Nenets Autonomous Okrug (41.9%), and grew in the Murmansk region, whose total debt last year increased 2.4 times due to the attraction of bank loans.

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