According to the estimate of an international think tank based in the capital of Sweden, Russia's military budget next year will increase by 29% compared to this year.
Publish dateThursday 14 December 2023 - 15:41
Story Code : 282220
Afghan Voice Agency (AVA) - Monitoring: According to Fars News Agency, the "Stockholm International Peace Research Institute", an international think tank based in the capital of Sweden, predicted in a report that Russia's budget related to war and the military field in 2024 will increase by 29% compared to last year. 2023 and will reach 12.8 trillion rubles (about 140 billion dollars).
Referring to the new Russian federal budget plans, this think tank wrote in its report that Russia's 2024 military budget will be equivalent to 7.1% of the country's GDP and 35% of the total budget of the Russian government.
At the end of November, Russian President Vladimir Putin signed the country's three-year federal budget program until 2026.
The Stockholm International Peace Research Institute wrote that this Russian document shows that the Moscow government "will have a firm commitment" to the continuation of the war in Ukraine, which has lasted for more than 650 days.
On the other hand, despite the economic challenges facing Russia, the budget of the "National Economy" sector, while it was equal to 14% of the total budget in 2023, will decrease to 11% in 2024.
Also, the share of important social budgets has decreased, including the budget of the housing sector from 2.8% of the total budget in 2023 to 2.2% in 2024, the budget of the education sector from 4.8% in 2023 to 4.2% in 2024, and the budget of the health care sector from 5.2% percent in 2023 will decrease to 4.4 percent of Russia's total budget in 2024.
Dan Smith, the director of this institute, said: "After the significant increase in the military budget in 2024, Russia has planned to reduce the military budget in 2025 and 2026. Russian presidential elections are due to be held in 2024, and it seems that Putin wants to show his intention to bring about a successful outcome to the war in Ukraine within this year./Fars News
Referring to the new Russian federal budget plans, this think tank wrote in its report that Russia's 2024 military budget will be equivalent to 7.1% of the country's GDP and 35% of the total budget of the Russian government.
At the end of November, Russian President Vladimir Putin signed the country's three-year federal budget program until 2026.
The Stockholm International Peace Research Institute wrote that this Russian document shows that the Moscow government "will have a firm commitment" to the continuation of the war in Ukraine, which has lasted for more than 650 days.
On the other hand, despite the economic challenges facing Russia, the budget of the "National Economy" sector, while it was equal to 14% of the total budget in 2023, will decrease to 11% in 2024.
Also, the share of important social budgets has decreased, including the budget of the housing sector from 2.8% of the total budget in 2023 to 2.2% in 2024, the budget of the education sector from 4.8% in 2023 to 4.2% in 2024, and the budget of the health care sector from 5.2% percent in 2023 will decrease to 4.4 percent of Russia's total budget in 2024.
Dan Smith, the director of this institute, said: "After the significant increase in the military budget in 2024, Russia has planned to reduce the military budget in 2025 and 2026. Russian presidential elections are due to be held in 2024, and it seems that Putin wants to show his intention to bring about a successful outcome to the war in Ukraine within this year./Fars News
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