Russia Cuts Education, Health Spending, Raises Taxes to Cover War Costs in Ukraine
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Russia will reduce funding for social assistance, education and health in the next year's budget, adding to the previously announced tax increases to cover rising military spending, shows a number of tax documents consulted by Reuters.
To offset rising military spending, Russia will cut funding for the social sphere, education and healthcare in its 2027 budget, according to documents obtained by Reuters.
Russia is preparing to cut funds for social welfare, education and health in next year's state budget.
Russia plans to cut budgets for social welfare, education, and healthcare in 2027, while increasing taxes and borrowing to meet growing military spending needs.
Russia will cut funding for the social sphere, education and health - in addition to an already announced tax increase - to cover the rapid rise in military spending. This is reported by Reuters, which received access to budget documents for next year. The draft budget for 2027 puts defense spending at 17.1 trillion rubles ($202.58 billion); this is about 27% more than the originally planned 13.5 trillion rubles and is the highest since the star…
The Government will reduce spending on social policy, education, health care and the national economy by 6 to 7.4 per cent to cover military expenditures in the 2027 budget, as described by Reuters, who have access to the budget documents, and the authorities will spend 7 per cent less on pensions, maternity benefits and war veterans than the 2027th budget last year. 7.4 per cent less on the national economy, including roads, infrastructure and …
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