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Russia's official 2022 military budget is expected to be 4.7 trillion rubles ($75bn), [9] or higher, and about $84bn for 2023, 40% more than initial military budget announced in 2021. [10] Reuters reported that governments documents showed military spending would exceed $100bn in 2023. [11]
The last reliable data we have from Russia goes back to 2021 [6] which showed nearly 50 trillion Rubles in spending. In 2023 the Russian finance minister stated that the planned surplus of 1.4 trillion rubles from the 2022 budget had become a 3.3 trillion ruble deficit over the same period. [7]
According to Rosstat, Russia's labour productivity index, one of Putin's key national development goals, fell 3.6% year-on-year in 2022, its steepest annual fall since the aftermath of the global ...
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 .
Part of the Russian budget is secret as the Kremlin tries to conceal its military ... 2.8% by the end of this year but that was in comparison to 2022, when the economy shrank as a result of the ...
Between 2011 and 2022, Russia spent a minimum of 13.9% and a maximum 23% of its budget on defence. Russia has already spent 57.4% of its new annual defence budget, the document showed. FULL CAPACITY?
Its military budget is set to expand by 30 percent, to US$145 billion, in 2025. [18] The Russian military is a hybrid system that combines conscripts with contracted volunteers; [19] with certain exceptions, Russian law mandates one year of military service for all male citizens aged 18–27.
Vladimir Putin has signed a record national budget aimed at boosting the military amid staggering losses on the battlefield.. After the budget was passed by the lower house of the parliament ...