Russian Federation Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Russian Federation's budget deficit was -2.74% in 2025, ranked 91st globally. This represents a 70.7% decrease from 2024. Data from IMF WEO, covering 1998–2025.
Overview
Russian Federation's budget deficit stood at -2.74% in 2025, a decline of +1.13% from 2024. The IMF projects -2.74% by 2025. Russian Federation ranked 91st globally.
Russia's budget deficit has undergone significant fluctuations since 1998, with the all-time peak of 7.80% in 2006 and a corresponding trough of -7.42% in the same year. Notably, the deficit has been in surplus for several years, with the latest value standing at -2.74% in 2025, ranking 91 globally. Compared to peers Serbia and Angola, Russia's deficit is relatively close in value, with Serbia's deficit being -2.73% and Angola's deficit at -2.76%. The country's trajectory suggests a steady decline in deficit since the early 2000s, indicating fiscal consolidation efforts. A continued emphasis on prudent fiscal management is likely to maintain Russia's budget surplus trajectory, potentially leading to reduced reliance on external financing and increased investment in domestic infrastructure. External factors, such as changes in global commodity prices, will remain crucial in shaping Russia's budget dynamics.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -2.09% | - | - |
| 2029* IMF | -2.09% | - | - |
| 2028* IMF | -2.03% | - | - |
| 2027* IMF | -1.90% | - | - |
| 2026* IMF | -1.75% | - | - |
| 2025* IMF | -2.74% | - | - |
| 2025 | -2.74% | −1.13% | #91 |
| 2024 | -1.60% | +0.61% | #119 |
| 2023 | -2.22% | −0.87% | #108 |
| 2022 | -1.34% | −2.12% | #122 |
| 2021 | 0.78% | +4.77% | #172 |
| 2020 | -3.99% | −5.92% | #135 |
| 2019 | 1.93% | −0.99% | #168 |
| 2018 | 2.92% | +4.39% | #173 |
| 2017 | -1.47% | +2.20% | #116 |
| 2016 | -3.67% | −0.28% | #68 |
| 2015 | -3.39% | −2.32% | #80 |
| 2014 | -1.07% | +0.09% | #134 |
| 2013 | -1.16% | −1.54% | #130 |
| 2012 | 0.38% | −1.05% | #151 |
| 2011 | 1.43% | +4.63% | #161 |
Detected Pattern
Analysis
Russian Federation matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Russian Federation's budget deficit was -2.74% in 2025. Ranked 91st globally. This represents a 70.7% decrease from the previous year.
Russian Federation's budget deficit peaked at 7.80% in 2006.
The lowest budget deficit in Russian Federation was -7.42% in 1998.
Russian Federation ranks 91st globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Russian Federation's budget deficit is projected to reach -2.74% by 2025 based on IMF projection.
The budget deficit of Russian Federation in 2025 was -2.74%. This ranks 91st in the world.
Cite this page
@misc{historysaid_russian-federation_budget-deficit,
title = {Russian Federation Budget Deficit},
url = {https://historysaid.com/russian-federation/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}