Sources report that the Russian government plans to significantly increase military spending despite a growing budget deficit. According to informed sources, Russia may spend up to 4–5 billion more rubles than planned this year on military expenses, potentially reaching 18 billion rubles (about 214 billion euros). This would represent a 40% increase over the planned amount. The state budget deficit has grown to six billion rubles so far this year, which is 60% higher than the target set for the entire year. Officials are reportedly trying to reduce the deficit using existing reserves and cuts,
Bias read (Center): The article presents factual economic data and reports on government planning without overtly favoring any political side. It includes quotes from multiple sources and does not use emotionally charged language or omit key perspectives.
Official sources cited
- press release Bloomberg
- press release The Moscow Times
