State debt of Russia in 2008 reached 6.7 percent of GDP.

The total amount of public debt of Russia in 2008 increased by 289.1 billion rubles to 2692 trillion rubles, or 6.7 percent of GDP. That was reported by RIA Novosti with reference to the Ministry of Finance of Russia. The share of domestic debt in total debt rose from 54.2 to 55.7 per cent, while external debt fell from 45.8 to 44.3 percent.
By the end of 2008, domestic debt denominated securities, an increase of 172.59 billion rubles up to 1421 trillion rubles. The total volume of domestic debt increased over the year from 1301 to 1.5 trillion rubles.
During the past year, the public external debt declined by 4038 one billion dollars to 40.573 trillion dollars (1192 trillion rubles). According to the Ministry of Finance, the reduction of external debt could be larger if not for the reduction rate against major world currencies.
Remember, in early February 2009 the Ministry of Economic Development of Russia has announced that the total external and domestic debt in the country last year grew by 9 percent to 2.62 trillion rubles. This figure represents 6.3 percent of GDP. At the same time in ruble terms, the external debt rose by 4.1 per cent to 1147 trillion rubles.