Russia plans record military spending
In its 2027 budget, submitted to parliament this week, Russia’s government has acknowledged that it cannot control military spending.
Russia has announced plans for record military spending in its 2027 budget, projecting a 40% increase compared to the current year. This aggressive fiscal strategy comes as the country continues to fund its military intervention, with the government acknowledging its inability to control costs. However, the optimistic projections may prove unrealistic, potentially leading to additional tax hikes, business and public tariffs, and a further increase in the national debt, which has already surpassed the 20% threshold.
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