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Military budget of China, Russia and U.S. in constant 2019 US$ billions. The military budget of Russia is the portion of the overall budget of Russia that is allocated for the funding of the Russian Armed Forces. This military budget finances employee salaries and training costs, the maintenance of equipment and facilities, support of new or ...
The following lists are of countries by military spending as a share of GDP—more specifically, a list of the 15 countries with the highest share in recent years. The first list uses the Stockholm International Peace Research Institute as a source, while the second list gets its data from the International Institute for Strategic Studies .
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.
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.
Even without a credit crisis, Russia’s economy faces serious headwinds in 2025. The International Monetary Fund estimates that Russian GDP grew 3.8% in 2024, but forecasts just 1.4% growth this ...
Figures for the tables below are provided by the Stockholm International Peace Research Institute (SIPRI) database. They are presented in millions of United States dollars in current prices, converted at the exchange rate for the given year. [1]
KYIV, Ukraine (AP) — Russian President Vladimir Putin approved budget plans, raising 2025 military spending to record levels as Moscow seeks to prevail in the war in Ukraine. Around 32.5% of the budget posted on a government website Sunday has been allocated for national defense, amounting to 13.5 trillion rubles (over $145 billion), up from ...
The lower house of Russia’s parliament, the State Duma, approved a federal budget Friday that increases spending by around 25% in 2024 and devotes a record amount to defense. The budget for 2024 ...