Putin's war against Ukraine shows no signs of ending, as Russia plans to keep defense spending at a historic high in 2025.
Bloomberg reports this, citing the draft Russian budget for the next three years.
The Russian budget for 2025 provides for an increase in military spending
— The Russian government intends to increase defense spending to 13.2 trillion rubles ($142 billion) in 2025 from 10.4 trillion rubles planned for this year, which is 6.2% of GDP, — writes the publication.
In particular, spending on national defense and internal security will make up about 40% of Russia's total budget payments in 2025, “as Putin continues to put the economy on a war footing, and the invasion of Ukraine has been going on for the third year”.
Now watching
And this amount exceeds the spending on education, healthcare, social policy, and the national economy combined, as envisaged in the draft budget.
This is more than the combined appropriations for education, healthcare, social policy, and the national economy, according to the draft budget, which will likely soon be submitted to the Russian parliament.
Moreover, budget expenditures on classified or unspecified items will grow to 12.9 trillion rubles in 2025 from the initially planned 11.1 trillion rubles this year, remaining at a level of about 30% of total budget expenditures.
At the same time, Bloomberg calculated that a slight decrease in military spending will occur in 2026 (to 5.6% of GDP) and 2027 (to 5.1% of GDP).
NATO estimates that the war in Ukraine may continue for several more years, since Russia is capable of maintaining its military economy for another three to four years. years.
