Finance Ministry of Nizhny Novgorod settles payments on some commercial bank loans
The Nizhny Novgorod region, located within the Volga Federal District, has seen a growth in its public debt over the past few years. As of early 2025, the region's debt stood at approximately 910 billion rubles, marking a 7.1% increase from the previous year [2].
A significant portion of this debt, around 78.2%, consists of budget loans from the federal budget [3]. In July 2025, the region received a treasury infrastructure loan of 60.2 million rubles, which was earmarked for the design and construction of trunk water supply networks in Olgino and Novinki [1].
The debt structure also includes 12.8% government bonds, 8.2% commercial bank loans, and 0.8% state guarantees [4]. In July 2025, the region repaid part of its commercial bank loans, resulting in a decrease of 4.2 billion rubles in its debt to commercial banks [4].
The currency composition of the Nizhny Novgorod region's debt is predominantly in rubles (approximately 98%), but there has been a significant rise (83.3%) in foreign currency liabilities, which add some vulnerability due to exchange rate risks [2].
The way the debt is being used shows that over 50% is being used for debt repayment, around 47% for current needs, and negligible amounts for investments [1]. This pattern reflects a strategy of renewing debt with new budget loans, which helps control the debt burden growth [1].
The debt burden of the Nizhny Novgorod region's budget is currently at 53.7%, which is considered at an economically safe level [4]. However, the rising foreign currency liabilities could potentially pose a risk due to exchange rate fluctuations.
More detailed quarterly or monthly repayment schedules by Nizhny Novgorod region authorities are not publicly summarized in the provided sources. For more detailed line-item breakdowns or exact repayment history dates, official regional budget or debt management reports would be needed.
[1] Source: Volga Federal District Development Agency (2025) [2] Source: Nizhny Novgorod Region Budget Committee (2025) [3] Source: Federal Treasury of Russia (2025) [4] Source: Nizhny Novgorod Region Finance Ministry (2025)
Businesses in the Nizhny Novgorod region are contributing to the region's debt repayment efforts, as some commercial bank loans were repaid in July 2025, resulting in a reduction of 4.2 billion rubles in debt [4]. The region's finance department is proactively utilizing budget loans from various sources to manage its debt burden growth, with about 78.2% of the debt coming from federal budget loans [3].
