The joint venture announced the general deficit of the consolidated budgets of the regions for the first half of the year

The consolidated budgets of the Russian regions in the first half of the year were executed with a general deficit. The budget execution report was published on September 19 on the website of the Accounting Chamber (JV).

"In the first half of 2025, the execution of the consolidated budgets of the regions in terms of revenues amounted to 11.5 trillion rubles (46.6% of the forecast), in terms of expenditures – 11.9 trillion rubles (42.7% of the volumes envisaged for the year). There is a general deficit in the execution of the consolidated budgets of the regions in the amount of 397.8 billion rubles (in the corresponding period of 2024, the surplus was 855.9 billion rubles)," the document says.

It is specified that the budgets of 19 regions of the Russian Federation were executed with a total surplus of 340.4 billion rubles. At the same time, the budgets of 71 regions were executed with a total deficit of 738.2 billion rubles. The largest deficit occurred in the Kemerovo Region (39.8 billion rubles), Nizhny Novgorod (38.5 billion rubles), Irkutsk (36.3 billion rubles), Krasnodar Territory (33 billion rubles) and Chelyabinsk Region (30.3 billion rubles).

According to the report, the total national debt of the regions amounted to 3.6 trillion rubles as of July 1, 2025. Thus, it grew by 117 billion rubles, or 3.3%. The largest amount of total debt was observed in the Moscow region – 237.6 billion rubles, Nizhny Novgorod – 192.4 billion rubles, the city of Moscow – 167.45 billion rubles.

The total debt on budget loans increased by 6.9% and amounted to 2.9 trillion rubles. Budget loans accounted for 79.5% of the total national debt.

Raise the plan: the budget deficit of the Russian Federation may grow to 4.4 trillion

How does a strong ruble contribute to this and what is the threat of an increase in shortages?

On September 5, Russian President Vladimir Putin stated at the plenary session of the Eastern Economic Forum (EEF-2025) that Russia's debt burden is low. Speaking about the costs, the President stressed that they include education, healthcare, as well as defense and security, including the cost of conducting a special military operation.

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