Russia’s Putin gives nod to military focused budget
The state budget for next year includes a 25% hike in military spending but will be the most secretive in post-Soviet history
01 December 2024 - 15:46
by Vladimir Soldatkin
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Russian President Vladimir Putin. File photo: MIKHAIL TERESHCHENKO/KREMLIN via REUTERS
Moscow— Russian President Vladimir Putin has approved a military focused budget for 2025-27, a document published on the official legal acts website showed on Sunday.
The state budget for next year includes a 25% hike in military spending but will be the most secretive in post-Soviet history, with almost a third of all spending closed to public scrutiny.
The government has acknowledged that the needs of what Moscow calls its special military operation in Ukraine and support for the military will remain the budget priority, with social needs and technological development.
The government has presented the draft budget as “balanced”, with the deficit falling to 0.5% against this year’s projected deficit of 1.7% and state debt remaining below the 20% mark for the next three years.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Russia’s Putin gives nod to military focused budget
The state budget for next year includes a 25% hike in military spending but will be the most secretive in post-Soviet history
Moscow— Russian President Vladimir Putin has approved a military focused budget for 2025-27, a document published on the official legal acts website showed on Sunday.
The state budget for next year includes a 25% hike in military spending but will be the most secretive in post-Soviet history, with almost a third of all spending closed to public scrutiny.
The government has acknowledged that the needs of what Moscow calls its special military operation in Ukraine and support for the military will remain the budget priority, with social needs and technological development.
The government has presented the draft budget as “balanced”, with the deficit falling to 0.5% against this year’s projected deficit of 1.7% and state debt remaining below the 20% mark for the next three years.
Reuters
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