News
EEC conducted monitoring of macroeconomic indicators determining sustainability of EAEU States’ economic development
The monitoring showed that as of year-end 2024 the debt of the state administration sector in the EAEU States was within the limits established by the Treaty on the Eurasian Economic Union.
In some countries, the debt-to-GDP ratio decreased: in Kyrgyzstan to 13.1%, in Russia to 13.6%. In Armenia and Kazakhstan, due to increased domestic borrowings, the debt-to-GDP ratio increased to 48.2% and 23.2%, respectively.
The budget balance of the state administration sector in most countries of the Union was also within the established limits: Kazakhstan and Russia showed a moderate deficit of 0.7% and 1.2% of GDP, respectively; while Kyrgyzstan had a budget surplus at 3.5% of GDP. The budgets were primarily supported by growing tax and non-tax income. The exception is the Republic of Armenia, where the budget deficit exceeded the established limit, amounting to 3.5% of GDP, due to increased expenditures on social benefits.
