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National Interests: Priorities and Security
 

The problem of debt on loans in the Russian economy

ISSUE 10, OCTOBER 2025

Received: 31 March 2025

Accepted: 28 April 2025

Available online: 15 October 2025

Subject Heading: SUSTAINABLE DEVELOPMENT OF ECONOMY

JEL Classification: Е42, Е50, Е51, Е59

Pages: 89-104

https://doi.org/10.24891/jgneog

Valerii V. SMIRNOV I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
v2v3s4@mail.ru

https://orcid.org/0000-0002-6198-3157

Subject. This article focuses on the debt in loans issue in the Russian economy.
Objectives. The article aims to analyze the problem of credit debt in Russia.
Methods. For the study, I used the methods of analysis, synthesis, correlation-regression analysis and graphical methods.
Results. The article shows that the significant increase in the money supply has led to the loss of dominance of the equities volume over the debt from loans and securities. The article also identifies the reasons for the increase in loan debt.
Conclusions. The reviewed data can be informative for the Government of the Russian Federation when forming budgetary policy in the context of excessive growth of the non-financial organizations and households debts.

Keywords: assets, liabilities, inflation, key interest rate, credit

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