The Russian President is scheduled to… Vladimir Putin By approving and adopting the draft budget law for 2025-2027, after its approval by the Russian Federation Council, on Wednesday.
The text of the budget stated that defense spending would reach about 13,500 billion rubles in 2025 (about 133.5 billion dollars), i.e. more than 6 percent of the Russian gross domestic product.
In total, at least 40 percent of the 2025 federal budget will be allocated to defense and national security.
The national military budget rose over the course of a year by approximately 70 percent in 2024, to represent this year, together with security investments, 8.7 percent of the gross domestic product, according to the president. PutinFor the first time in Russia Since the fall of the Soviet Union more than 30 years ago.
Since 2022, it has been restored Kremlin Directing its economy towards the war effort on a large scale, it rapidly developed its military industries, particularly by employing hundreds of thousands of new workers, in a strategy that increased inflation.
Although the Russian Central Bank raised interest rates to 21 percent at the end of October, inflation is still approximately 8.5 percent, double the desired target of 4 percent, which has reduced the purchasing power of Russians who have already been affected by the repercussions of economic sanctions.
In a sign that military spending will not decrease in the coming months, Vladimir Putin recently signed a decree to increase the number of soldiers by approximately 15 percent, to 1.5 million soldiers.
