Projection of General government net lending/borrowing for Russia
GGNLBPRUA188N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.29
Year-over-Year Change
27.51%
Date Range
1/1/2025 - 1/1/2030
Summary
The 'Projection of General government net lending/borrowing for Russia' series tracks the Russian government's fiscal balance as a percentage of GDP, indicating whether the government is running a surplus or deficit.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator provides insight into the overall fiscal health and sustainability of the Russian government's budget. It is closely monitored by economists, policymakers, and investors to assess Russia's macroeconomic stability and policy direction.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) as part of its World Economic Outlook projections.
Historical Context
Trends in this indicator are important for understanding Russia's economic and geopolitical position on the global stage.
Key Facts
- Russia's general government net lending/borrowing was -3.4% of GDP in 2021.
- The IMF projects Russia's fiscal balance to improve to -0.5% of GDP by 2027.
- Russia's fiscal position is closely tied to global energy prices and economic sanctions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the Russian government's fiscal balance, or the difference between its revenues and expenditures, as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: The Russian government's fiscal position is a key indicator of its macroeconomic stability and ability to fund domestic priorities and international objectives.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) as part of its World Economic Outlook projections.
Q: How is this trend used in economic policy?
A: Trends in Russia's fiscal balance are closely monitored by policymakers, economists, and investors to assess the sustainability of the government's fiscal policies and their implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is updated annually as part of the IMF's World Economic Outlook release, and may be subject to revisions as new information becomes available.
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Citation
U.S. Federal Reserve, Projection of General government net lending/borrowing for Russia (GGNLBPRUA188N), retrieved from FRED.