Where Russia will get money for war: British intelligence voiced an unpleasant truth for Russians

Russia will increase military spending/rosSMI

Against the background of decreasing revenues, the Russian authorities will be forced to look for additional sources of budget income from -for huge military expenses.

This is stated in the current review of the UK Ministry of Defense. They note that the Russian government has ambitious plans to increase spending by 26% in 2024.

These Russian calculations are based on optimistic expectations of a 22% increase in income, with oil and gas revenues expected to increase by almost 25%.

In reality, everything is not so

However, According to British intelligence, the government of the aggressor country will have to reduce its contributions to the national welfare fund and increase internal taxes and debt to finance planned expenditures.

“Such an approach will negatively impact the economy in the medium to long term, maintaining inflationary pressures or limiting future economic growth,” analysts say.

And add that the sovereign wealth fund is ostensibly intended for the long-term economic well-being of the Russian people, but it is increasingly being used to finance the invasion of Ukraine.

The value of its assets is projected to fall by 10% in 2023.

How much money does Russia spend on war

• In 2023, Moscow spent more than $100 billion on military purposes, or almost a third of its total expenditures.
• In 2024, Russian authorities intend to spend almost a third all expenses for maintaining the army and the military-industrial complex.
• The war that Russia deliberately launched against Ukraine has a negative impact on the Russian economy: the ruble is depreciating and inflation is accelerating.