Russia raises 2027 military spending by 27%, budget documents show
The draft would lift defense spending to 17.1 trillion rubles and push total military outlays to 50 trillion rubles over three years, Reuters reported.
- Russia plans to spend 17.1 trillion rubles on defense in 2027, around 27% more than the originally budgeted 13.5 trillion rubles and the highest figure since the war in Ukraine began in 2022.
- Total national defense spending over the next three years will reach 50 trillion rubles, according to Reuters, reflecting sustained military funding focus amid fiscal pressures.
- The government expects to submit the draft Budget by Oct. 1, with the 2026 Budget deficit forecast raised to 3.2% of GDP from 1.6% of GDP previously.
- To finance the growing deficit, Russia plans new tax hikes in 2027, including a windfall tax on metals and mining companies expected to raise about 200 billion rubles annually.
- State debt is set to rise to 21.7% of GDP in 2027, exceeding the 20% level authorities view as safe, while Total borrowing will increase by 43% to 7.7 trillion rubles.
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New documents show Russia plans to significantly increase defense spending by 2027
Putin increases military spending by a third for his sixth year of invasion of Ukraine, an unprecedented figure from the USSR. Ukrainian bombing of refineries penalises oil revenues despite a sharp rise in prices
The Russian government, which wanted to reduce defense costs, overturned the plan and increased the defense budget for next year to the largest scale in 5 years after the full invasion of Ukraine in 2022. Defense expenses in 2027, which were held at 13.50 trillion rubles (about 221 trillion won) last year, surged 27% to 17.10 trillion rubles (approximately 280 trillion won). Russia increased its defense budget and simultaneously mass-produced we…
Russia plans to spend 17.1 trillion rubles ($202.58 billion) on defense in 2027. This is about 27% more than the 13.5 trillion rubles originally budgeted for, and the largest figure since the start of a full-scale war against Ukraine.
Russia plans to increase military spending by 27 per cent in 2027, with Moscow increasing fiscal deficits, public debt and borrowing.
<p>Russia will increase military spending by a third in 2027 — the largest since the USSR. In 2027, Russia plans to spend 17.1 trillion rubles on the army — 32% more. This will be 35% of the federal budget</p>.
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