Government budget and revenue in Karelya Rep., Russia: official figures

The government of Karelia owed 23.6 billion roubles on 1 October 2026, or 45,211 roubles per resident, 17th highest of 83 regions (Russian average 23,544 roubles).

Is the debt of Karelia rising?

Regional debt in Karelia fell by 18.8% in the first nine months of 2026, from 29.0 billion roubles on 1 January to 23.6 billion roubles on 1 October; total regional debt in Russia changed by -1.7%.

Source: Ministry of Finance of the Russian Federation · saved copy

What is the debt of Karelia made of?

The debt of Karelia on 1 October 2026 was made up of budget loans from the federal budget 86%, bank loans 14%, bonds 0%.

Source: Ministry of Finance of the Russian Federation · saved copy

How much debt do municipalities in Karelia have?

Municipalities in Karelia owed a further 3.2 billion roubles on 1 October 2026, 0.9% of all municipal debt in Russia.

Source: Ministry of Finance of the Russian Federation · saved copy

What is the debt burden of Karelia?

In 2025 the debt of Karelia equalled 61.1% of its own budget revenue (excluding federal grants), 8th highest debt burden of 83 by the Ministry of Finance's Budget Code measure, whose ceiling is 100%.

Source: Ministry of Finance of the Russian Federation · saved copy

Does Karelia have a budget deficit?

The Karelia budget ran a deficit equal to 6.6% of its revenue without federal grants in 2025, 35th largest of 83 among regions (Budget Code limit 15%).

Source: Ministry of Finance of the Russian Federation · saved copy

How much does Karelia spend on debt interest?

Interest on its debt took 0.66% of the Karelia budget's spending (excluding subventions) in 2025, against a legal ceiling of 15%.

Source: Ministry of Finance of the Russian Federation · saved copy

Is Karelia a rich or poor region?

The Ministry of Finance rated the fiscal capacity of Karelia at 0.689 of the Russian average for 2026 before equalisation grants (tax potential index 0.831, cost of services index 1.205), 32nd poorest of 83 regions.

Source: Ministry of Finance of the Russian Federation · saved copy

How much money does Karelia get from the federal budget?

Karelia is due 6.8 billion roubles in federal equalisation grants for 2026, 13,055 roubles per resident, 25th highest of 59 recipients; the grant lifts its fiscal capacity to 0.778 of the average.

Source: Ministry of Finance of the Russian Federation · saved copy

How much income tax is collected in Karelia?

Personal income tax assessed in Karelia reached 25.4 billion roubles in 2024, 21.5% more than in 2023 and 0.32% of the Russian total, or 48,729 roubles per resident (24th highest of 83 regions).

Source: Ministry of Finance of the Russian Federation · saved copy

How Karelya Rep. compares with other first-level divisions

Regional government debt per resident (roubles), 1 October 2026 (2026-10)

Karelya Rep. ranks 16 of 82, highest first.

Rank	Region	Regional government debt per resident (roubles), 1 October 2026
13	Yaroslavskaya Oblast	53,893
14	Kemerovskaya Oblast	49,109
15	Khanty-mansyiskiy Okrug	46,048
16	Karelya Rep.	45,211
17	Irkutskaya Oblast	44,716
18	Amurskaya Oblast	42,150
19	Novosibirskaya Oblast	41,811

Source: Ministry of Finance of the Russian Federation · saved copy

Change in regional government debt, 1 January to 1 October 2026 (2026)

Karelya Rep. ranks 65 of 82, highest first.

Rank	Region	Change in regional government debt, 1 January to 1 October 2026
62	Ingushetiya Rep.	-15.6%
63	Kalmykiya Rep.	-15.8%
64	Voronezhskaya Oblast	-16.8%
65	Karelya Rep.	-18.8%
66	Mariy-el Rep.	-21.1%
67	Moskovskaya Oblast	-21.2%
68	Ivanovskaya Oblast	-21.3%

Source: Ministry of Finance of the Russian Federation · saved copy

Regional debt as % of own budget revenue (excluding federal grants) (2025)

Karelya Rep. ranks 8 of 82, highest first.

Rank	Region	Regional debt as % of own budget revenue (excluding federal grants)
5	Khakasiya Rep.	76.5%
6	Kemerovskaya Oblast	74.8%
7	Buryatiya Rep.	68.2%
8	Karelya Rep.	61.1%
9	Yaroslavskaya Oblast	59.5%
10	Omskaya Oblast	57.1%
11	Kostromskaya Oblast	52.7%

Source: Ministry of Finance of the Russian Federation · saved copy

Budget deficit as % of revenue excluding federal grants (2025)

Karelya Rep. ranks 35 of 82, highest first.

Rank	Region	Budget deficit as % of revenue excluding federal grants
32	Sverdlovskaya Oblast	7.7%
33	Leningradskaya Oblast	7.3%
34	Tyumenskaya Oblast	6.9%
35	Karelya Rep.	6.6%
36	Adygeya Rep.	6.3%
37	Samarskaya Oblast	6.3%
38	Kaluzhskaya Oblast	5.9%

Source: Ministry of Finance of the Russian Federation · saved copy

Fiscal capacity before equalisation (Russian average = 1) (2026)

Karelya Rep. ranks 52 of 82, highest first.

Rank	Region	Fiscal capacity before equalisation (Russian average = 1)
49	Mordoviya Rep.	0.714
50	Arkhangelskaya Oblast	0.703
51	Saratovskaya Oblast	0.697
52	Karelya Rep.	0.689
53	Volgogradskaya Oblast	0.678
54	Penzenskaya Oblast	0.667
55	Tomskaya Oblast	0.657

Source: Ministry of Finance of the Russian Federation · saved copy

Federal equalisation grant per resident (roubles) (2026)

Karelya Rep. ranks 24 of 82, highest first.

Rank	Region	Federal equalisation grant per resident (roubles)
21	Stavropolskiy Kray	13,882
22	Ivanovskaya Oblast	13,739
23	Zabaykalsky Kray	13,439
24	Karelya Rep.	13,055
25	Pskovskaya Oblast	12,979
26	Kirovskaya Oblast	11,910
27	Tomskaya Oblast	11,446

Source: Ministry of Finance of the Russian Federation · saved copy

Personal income tax assessed (roubles) (2024)

Karelya Rep. ranks 59 of 82, highest first.

Rank	Region	Personal income tax assessed (roubles)
56	Bryanskaya Oblast	32.3 billion
57	Buryatiya Rep.	28.7 billion
58	Dagestan Rep.	26.4 billion
59	Karelya Rep.	25.4 billion
60	Tambovskaya Oblast	24.9 billion
61	Astrakhanskaya Oblast	24.5 billion
62	Kurganskaya Oblast	23.0 billion

Source: Ministry of Finance of the Russian Federation · saved copy

Breaches of Budget Code requirements found by the Ministry of Finance (2025)

Karelya Rep. ranks 70 of 82, highest first.

Rank	Region	Breaches of Budget Code requirements found by the Ministry of Finance
67	Mariy-el Rep.	0
68	Pskovskaya Oblast	0
69	Kostromskaya Oblast	0
70	Karelya Rep.	0
71	Novgorodskaya Oblast	0
72	Yamalo-nenetskiy Okrug	0
73	Sakhalinskaya Oblast	0

Source: Ministry of Finance of the Russian Federation · saved copy

More on Karelya Rep.: overview · economy and jobs · poverty and living standards · government and politics · Russia

Sources

Ministry of Finance of the Russian Federation: Volume and structure of the state debt of the subjects of the Russian Federation and municipal debt on 1 October 2026, read 24 October 2026 · saved copy (SHA-256 dc62520847dd…)
Ministry of Finance of the Russian Federation: Distribution of grants for equalising the fiscal capacity of the subjects of the Russian Federation for 2026-2028, with tax potential calculations, read 24 October 2026 · saved copy (SHA-256 1ed312d5ecd5…)
Ministry of Finance of the Russian Federation: Analysis of compliance by the subjects of the Russian Federation with the Budget Code in 2025 (preliminary data), Order No. 552 monitoring, read 24 October 2026 · saved copy (SHA-256 1dbcc92813ac…)

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