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Russia has increasingly boosted its defense spending to sustain its war efforts, from $59 billion in 2022 to $109 billion in 2023, and $126.8 billion set aside in 2025, when defense will make up ...
The budget for 2025, which was published Sunday, allocates about $126 billion (13.5 trillion rubles) to national defense – amounting to 32.5% of government spending.
Russian forces in 2024 advanced in Ukraine at the fastest rate since 2022, the war's first year, and control about a fifth of the country. But the gains have come at the cost of heavy, though ...
The federal budget of Russia (Russian: федеральный бюджет России) is the leading element of the budget system of Russia. It is a major state financial plan for the fiscal year, which has the force of law after its approval by the Russian parliament and signed into law by the President of Russia .
Source: [2] [3] 1–7 January – New Year's Day and Holidays; 7 January – Christmas (Orthodox) 23 February – Defender of the Fatherland Day 24 February – Defender of the Fatherland Holiday
None of that is sustainable in the longer term. The Russian budget is effectively an act of desperation in wartime. Putin is throwing everything into the fireplace—and it’s completely ...
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
Russian President Vladimir Putin on Monday signed a national budget for the next three years that increases spending by around 25% and reportedly devotes a record amount to defense as the the ...