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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 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.
As of 2024, Russia has the world's third-highest military expenditure, at approximately US$130 billion, or over six percent of GDP, [5] compared to approximately to US$86.5–$109 billion the year before. [17] Its military budget is set to expand by 30 percent, to US$145 billion, in 2025. [18]
Russian President Vladimir Putin has approved a record-breaking defense budget, setting aside a staggering third of the government’s total spending as the war in Ukraine drains resources from ...
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 ...
Russian President Vladimir Putin has signed a national budget for the next three years that increases spending by around 25% and reportedly devotes a record amount to defence as the country’s ...
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]
Russia plans to increase budget spending by 25.8% to 36.6 trillion roubles ($383 billion) in 2024, Prime Minister Mikhail Mishustin said on Friday. Moscow is spending heavily on its armed forces ...