FILE – Russian Security Council Deputy Chairman Dmitry Medvedev, front right, speaks to Russian military members during his visit at a military training range in the Russian-controlled Donetsk region, Ukraine, Sept. 15, 2023. (Pool Sputnik via AP)
VOA: Russian Military Will Get Lion’s Share from Kremlin’s Robust Budget
Russian President Vladimir Putin signed a national budget for the next three years that increases spending by around 25% and reportedly devotes a robust amount to defense as Russia’s war in Ukraine drags on.
The budget foresees spending in 2024 of $415 billion with an expected deficit of $9.5 billion.
After the budget was passed by the lower house of the parliament, Speaker Vyacheslav Volodin said it was developed specifically to fund the military and to mitigate the impact of international sanctions imposed on Russia after its Ukraine invasion in February 2022.
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WNU Editor: This is definitely a war time budget.
Russian Defense Spending Set To Increase By Almost 70% In 2024 From 2023
Putin signs Russia’s largest national budget, bolstering military spending — AP
Putin Approves Big Military Spending Hikes for Russia’s Budget — Reuters
Russia approves record spend for military in new budget — Africa News