Russia raises 2027 military spending by 27%, budget documents show
- 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.
140 Articles
140 Articles
The media have learned that they're going under the knife for this.
Next year, Russia intends to spend significantly more money on its army, which plans the largest military budget since the beginning of the Ukraine war.
Putin Mortgages Russia's Economic Future: Russian Economy Expert Clarifies 2027 Federal Budget Draft
Moscow's new budget finances another year of war by defunding everything else, and even that plan is unlikely to survive the face of reality.
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Russia is "not at all interested" in serious talks about the war in Ukraine, said German Chancellor Friedrich Merz after the surprise meeting of 26 September between the foreign ministers of the two countries. For proof: Moscow plans to increase its military spending by 27% in 2027. The new draft budget sets war-related expenditures at more than 17,000 billion rubles, or almost 177 billion euros. To fill the growing public deficit, the Kremlin f…
Moscow wants to expand the defence budget in the draft budget. Russia's residents have to adapt to further pressures.
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