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The second list is based on the 2024 edition of The Military Balance, published by the International Institute for Strategic Studies (IISS) using average market exchange rates. [2] The third list is a user-generated list of the highest military budgets of the current year, compiled from various sources.
The International Institute of Strategic Studies (IISS) estimated the 2013 Russian military budget at US$68.2 billion, a 31% rise since 2008. [20] IISS noted in their 2013 report that this meant that Russia had passed the UK and Saudi Arabia to become the world's third largest military spender, though exchange rates had also been a factor in ...
They are presented in millions of United States dollars in current prices, converted at the exchange rate for the given year. [1] If there is no data for a particular year, a cell is left blank. Although the database includes statistics for over 150 countries, per SIPRI's Terms and Condition permission is needed to directly reproduce more than ...
The new three-year budget forecasts a slight reduction in military spending for 2026 and 2027. Lawmakers in both houses of the Russian parliament approved the budget.
The budget for 2024-2026 was developed specifically to fund the Russian military and to mitigate the impact of “17,500 sanctions” on Russia, State Duma Chairman Vyacheslav Volodin said.
Part of the Russian budget is secret as the Kremlin tries to conceal its military plans and sidestep scrutiny of its operation in Ukraine. But independent business journalists Farida Rustamova and ...
IMF: Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). Exchange rate projections are provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.
Russia’s finance ministry said it expects spending to reach 36.66 trillion rubles (around $411 billion) in 2024 with a predicted budget deficit of 0.8% of Russia’s gross domestic product.