❗️Russia plans to spend 17.1 trillion rubles, about $203 billion, on defense in 2027, 27% above the amount originally budgeted and the highest since its full-scale invasion began, according to government documents seen by Reuters. Defense spending is set to total around 50 trillion rubles over 2027-2029. Russia also expects state debt to rise from 19.9% of GDP in 2026 to 21.7% in 2027, while borrowing and taxes are set to increase.
❗️Russia plans to spend 17.1 trillion rubles, about $203 billion, on defense in 2027, 27% above the amount originally budgeted and the highest since its full-scale invasion began, according to government documents seen by Reuters. Defense spending is set to total around 50 trillion rubles over 2027-2029. Russia also expects state debt to rise from 19.9% of GDP in 2026 to 21.7% in 2027, while borrowing and taxes are set to increase.
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