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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.
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 ...
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]
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.
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 ...
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 $145 billion), up from ...
Military expenditure of the world from 1950 to 2022 in constant 2021 US$ billions This is a list of countries by past military expenditure , starting 1987. Methodology