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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]
Defence spending will rise to 13.5 trillion roubles ($145 billion) in 2025, the fourth year of what Russia calls "a special military operation" in Ukraine, up 25% from the 2024 level.
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 defense as the the country’s military operation in Ukraine drags on.
MOSCOW (AP) — Russian President Vladimir Putin on Monday signed a national budget for the next three years that increases spending by around 25 percent and reportedly devotes a record...
Oct 2 (Reuters) - Defence spending will account for almost one third of Russia's total budget expenditure in 2024, the government's draft plans show, as Moscow diverts ever more resources towards...
Russia military spending/defense budget for 2022 was $86.37B, a 31.05% increase from 2021. Russia military spending/defense budget for 2021 was $65.91B , a 6.8% increase from 2020. Russia military spending/defense budget for 2020 was $61.71B , a 5.35% decline from 2019.
Russia’s military expenditure has tripled compared to pre-war times. By 2023, the government intends to spend $160 billion on military needs, or 40 percent of its budget. Combined with regional and private war-related expenditures, this figure may surpass 10 percent of GDP in 2023.
MOSCOW, Oct 1 (Reuters) - Russia's state budget for next year, which includes a 25% hike in military spending, will also be the most secretive in post-Soviet history, with almost one-third of...
As the Kremlin rolls out a new budget for 2025, gone are hopes that this year’s unprecedented levels of military spending represent a peak of what Vladimir Putin can afford to spend on his ugly...
ș Russia’s war against Ukraine has been waged for over 650 days and has had a significant impact on the country’s economy and society. In April 2023 work started on a new three-year federal budget, which was signed into law at the end of November. It is based on a relatively optimistic economic forecast and is striking for the