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.
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<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>.
Russia intends to spend 17.1 trillion rubles ($202.58 billion) for defense in 2027, with about 27% more than the 13.5 trillion rubles originally foreseen in the budget, this being the largest budget since the beginning of the war in Ukraine in 2022 and so far, shows the government documents consulted by the agency...
The Moscow Times
Defense NewsRussia Raises 2027 Military Spending by 27%, Budget Documents Show
Russia plans to spend 17.1 trillion rubles ($202.58 billion) on defense in 2027, around 27% more than the 13.5 trillion rubles originally budgeted and the highest figure since the start of the war in Ukraine in 2022, government documents seen by Reuters showed on Monday.
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