Summary
Russia plans to continue high defense spending over the next several years, suggesting preparation for ongoing conflict in Ukraine. The drafted budget includes substantial funds for military purposes, indicating Russia's focus on military strategies.
Key Facts
- Russia plans to spend 13 trillion rubles ($157 billion) on defense in 2026, according to a draft government budget.
- The military budget includes increases compared to previous proposals but is lower than 2023's spending levels.
- Most of Russia's defense spending details remain classified, making it difficult to fully assess actual military expenditures.
- Russia's Finance Ministry has proposed increasing the value-added tax (VAT) to 22% to help fund military expenses.
- Total spending on national security in Russia will account for 38% of government expenditure next year.
- Ukraine has also raised its military spending significantly, depending largely on Western aid.
- The draft budget will be reviewed by Russia's State Duma on October 22.
