Nizhny Novgorod Region Tops Russian Regions' State Debt Volume Ranking

Nizhny Novgorod Region Tops Russian Regions' State Debt Volume Ranking

Nizhny Novgorod Region holds the highest government debt among all Russian regions as of early December. The total debt has reached 186.6 billion rubles, marking a significant rise from earlier in the year. Other regions, including Moscow and Kemerovo, also feature prominently in debt rankings, though exact figures remain unclear.

The bulk of Nizhny Novgorod’s debt—128.6 billion rubles—comes from budget loans provided by the federal government. An additional 29.5 billion rubles stems from government securities, while borrowings from financial institutions add 27 billion rubles to the total. State guarantees make up a smaller portion, accounting for around 1.4 billion rubles.

Since January, the region’s debt has grown by nearly 18 billion rubles. This increase reflects ongoing financial pressures, with federal loans playing a dominant role in the overall burden. While Moscow, Moscow Region, Kemerovo, and Arkhangelsk follow in the debt rankings, specific figures for these areas have not been disclosed. The region’s reliance on federal support highlights its financial challenges. With multiple sources contributing to the debt, authorities face the task of managing repayments while addressing local budgetary needs.

Nizhny Novgorod Region’s debt now stands at 186.6 billion rubles, with federal loans forming the largest share. The rise of 18 billion rubles since the start of the year underscores growing financial demands. As the region with the highest debt, its situation offers a snapshot of broader fiscal trends across Russia.

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