Government budget and revenue in Novgorodskaya Oblast, Russia: official figures

The government of Novgorod Oblast owed 16.9 billion roubles on 1 October 2026, or 29,617 roubles per resident, 28th highest of 83 regions (Russian average 23,544 roubles).

Is the debt of Novgorod Oblast rising?

Regional debt in Novgorod Oblast fell by 24.3% in the first nine months of 2026, from 22.3 billion roubles on 1 January to 16.9 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 Novgorod Oblast made of?

The debt of Novgorod Oblast on 1 October 2026 was made up of budget loans from the federal budget 100%.

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

How much debt do municipalities in Novgorod Oblast have?

Municipalities in Novgorod Oblast owed a further 1.8 billion roubles on 1 October 2026, 0.5% of all municipal debt in Russia.

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

What is the debt burden of Novgorod Oblast?

In 2025 the debt of Novgorod Oblast equalled 49.6% of its own budget revenue (excluding federal grants), 17th 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 Novgorod Oblast have a budget deficit?

The Novgorod Oblast budget ran a deficit equal to 10.7% of its revenue without federal grants in 2025, 19th largest of 83 among regions (Budget Code limit 15%).

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

How much does Novgorod Oblast spend on debt interest?

Interest on its debt took 0.09% of the Novgorod Oblast budget's spending (excluding subventions) in 2025, against a legal ceiling of 15%.

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

Is Novgorod Oblast a rich or poor region?

The Ministry of Finance rated the fiscal capacity of Novgorod Oblast at 0.778 of the Russian average for 2026 before equalisation grants (tax potential index 0.718, cost of services index 0.923), 41st poorest of 83 regions.

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

How much money does Novgorod Oblast get from the federal budget?

Novgorod Oblast is due 1.6 billion roubles in federal equalisation grants for 2026, 2,818 roubles per resident, 8th lowest of 59 recipients; the grant lifts its fiscal capacity to 0.803 of the average.

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

How much income tax is collected in Novgorod Oblast?

Personal income tax assessed in Novgorod Oblast reached 19.4 billion roubles in 2024, 23.0% more than in 2023 and 0.24% of the Russian total, or 33,989 roubles per resident (35th lowest of 83 regions).

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

How Novgorodskaya Oblast compares with other first-level divisions

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

Novgorodskaya Oblast ranks 27 of 82, highest first.

Rank	Region	Regional government debt per resident (roubles), 1 October 2026
24	Mordoviya Rep.	32,659
25	Chelyabinskaya Oblast	31,345
26	Zabaykalsky Kray	30,539
27	Novgorodskaya Oblast	29,617
28	Udmurtiya Rep.	29,335
29	Belgorodskaya Oblast	28,999
30	Khabarovskiy Kray	27,993

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

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

Novgorodskaya Oblast ranks 73 of 82, highest first.

Rank	Region	Change in regional government debt, 1 January to 1 October 2026
70	Udmurtiya Rep.	-23.2%
71	Nenetskiy Okrug	-23.3%
72	Tatarstan Rep.	-24.0%
73	Novgorodskaya Oblast	-24.3%
74	Penzenskaya Oblast	-25.8%
75	Kaluzhskaya Oblast	-29.0%
76	Khabarovskiy Kray	-29.4%

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

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

Novgorodskaya Oblast ranks 16 of 82, highest first.

Rank	Region	Regional debt as % of own budget revenue (excluding federal grants)
13	Mordoviya Rep.	51.4%
14	Severnaya Osetiya-alaniya Rep.	51.0%
15	Chechnya Rep.	49.7%
16	Novgorodskaya Oblast	49.6%
17	Dagestan Rep.	48.7%
18	Orlovskaya Oblast	48.4%
19	Tyva Rep.	47.2%

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

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

Novgorodskaya Oblast ranks 19 of 82, highest first.

Rank	Region	Budget deficit as % of revenue excluding federal grants
16	Yaroslavskaya Oblast	11.3%
17	Severnaya Osetiya-alaniya Rep.	11.1%
18	Orenburgskaya Oblast	11.0%
19	Novgorodskaya Oblast	10.7%
20	Krasnodarskiy Kray	10.3%
21	Belgorodskaya Oblast	10.1%
22	Yamalo-nenetskiy Okrug	9.6%

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

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

Novgorodskaya Oblast ranks 43 of 82, highest first.

Rank	Region	Fiscal capacity before equalisation (Russian average = 1)
40	Udmurtiya Rep.	0.796
41	Zabaykalsky Kray	0.789
42	Vladimirskaya Oblast	0.788
43	Novgorodskaya Oblast	0.778
44	Ryazanskaya Oblast	0.773
45	Kostromskaya Oblast	0.773
46	Orenburgskaya Oblast	0.756

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

Federal equalisation grant per resident (roubles) (2026)

Novgorodskaya Oblast ranks 51 of 82, highest first.

Rank	Region	Federal equalisation grant per resident (roubles)
48	Smolenskaya Oblast	3,505
49	Khabarovskiy Kray	3,374
50	Ulyanovskaya Oblast	3,318
51	Novgorodskaya Oblast	2,818
52	Voronezhskaya Oblast	2,779
53	Krasnodarskiy Kray	2,619
54	Kemerovskaya Oblast	2,218

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

Personal income tax assessed (roubles) (2024)

Novgorodskaya Oblast ranks 67 of 82, highest first.

Rank	Region	Personal income tax assessed (roubles)
64	Orlovskaya Oblast	21.3 billion
65	Kostromskaya Oblast	21.0 billion
66	Mordoviya Rep.	20.7 billion
67	Novgorodskaya Oblast	19.4 billion
68	Magadanskaya Oblast	19.3 billion
69	Mariy-el Rep.	19.2 billion
70	Pskovskaya Oblast	18.4 billion

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

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

Novgorodskaya Oblast ranks 71 of 82, highest first.

Rank	Region	Breaches of Budget Code requirements found by the Ministry of Finance
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
74	Karatchayevo-cherkesiya Rep.	0

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

More on Novgorodskaya Oblast: 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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