Russia is preparing to cut funds for social welfare, education and health in next year's state budget.
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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 plans to cut budgets for social welfare, education, and healthcare in 2027, while increasing taxes and borrowing to meet growing military spending needs.