Subject. The article deals with financial and economic state of Russia. Objectives. The purpose of the study is to determine the financial and economic condition of Russia. Methods. The research methodology is based on the application of general scientific methods, primarily data analysis and synthesis, and special economic and mathematical methods, in particular, correlation and regression analysis, and graphical methods. Results. The study identified a significant increase in gross domestic product at current prices in rubles, which is based on an increase in the ratio of GDP at current prices in rubles to GDP at current prices in dollars, that is, the dominance of Russian inflation over inflation in the United States and, as a result, ruble devaluation. It also disclosed an artificial maintenance of balance in the balance of payments due to corrections for errors and omissions; established a dominant increase in absolute terms of the debt of the non-financial sector over the debt of households with the same growth rates; demonstrated a significant increase in debt on loans and acquired claims on loans granted to resident legal entities and individual entrepreneurs in the context of an increase in the share of loans with floating (variable) interest rate. Conclusions. The unveiled financial and economic state of Russia will be informative for fiscal policy development and protection of national interests of the Russian State.
Keywords: devaluation, debt, inflation, credit, balance of payments
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