October 02, 2024

Military Budget Soars in 2025


Military Budget Soars in 2025
The State Duma in Moscow.  Ssr, Wikimedia Commons

A draft of the 2025-2027 budget issued by the Russian Ministry of Finance proposes increasing military spending from 10.4 trillion ($110 billion) to 13.2 trillion rubles ($140 billion), a difference of R2.8 trillion, or nearly $30 billion. 

According to the draft, defense spending would comprise 40 percent of the annual budget, more than the amounts allotted for education, healthcare, social policy, and the national economy combined. This budget will become official once it is voted upon in the State Duma. 

This funding, of course, comes as Russia's invasion of Ukraine drags on, into its third year.

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