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Putin signs Russia's largest national budget, bolstering military spending

  • Russian President Vladimir Putin signed a national budget that increases spending by 25% and devotes a record amount to defense as the military operation in Ukraine continues.
  • The budget, developed to fund the military and mitigate the impact of international sanctions, anticipates spending of 36.6 trillion rubles in 2024, with an expected deficit of 1.595 trillion rubles .
  • Around 39% of federal spending in 2024 will go toward defense and law enforcement, raising concerns about long-term implications.
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Bias Distribution

  • 43% of the sources are Center
43% Center
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Stars and Stripes broke the news in Washington, United States on Monday, November 27, 2023.
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