Russia Boosts Defense Budget by 30%, Surpassing Soviet-Era Levels Amid Ukraine Conflict
October 2, 2024Russia is set to boost its defense spending by 30% in the coming year, raising its defense budget to approximately 145 billion dollars for 2025.
Recent budget documents from the Russian parliament reveal that defense and security expenditures will comprise about 40% of the total government spending.
In 2025, defense spending is projected to exceed 32% of the federal budget, overshadowing allocations for pensions, education, and health combined.
This significant increase in military funding indicates a shift of the Russian economy to a war footing, with military priorities taking precedence even if the conflict in Ukraine were to conclude.
Despite the ongoing human and economic costs, the Kremlin remains committed to continuing military operations in Ukraine, emphasizing its strategic objectives.
Russia's military spending has reached levels not seen since the Soviet era, as the country intensifies its offensive in Ukraine with a substantial increase in missile and drone production.
Western analysts highlight that the Russian economy is facing vulnerabilities due to the Ukraine invasion, leading to rising inflation and interest rates.
While Ukraine receives significant military and financial support from Western allies, Russian forces are reportedly better equipped and making advances in eastern Ukraine.
The Russian government has announced the conscription of an additional 133,000 young men for mandatory military service, adding to the 150,000 previously enlisted.
As the Russian government increases defense spending, there is growing discontent among citizens, particularly the elderly, who express concerns over the lack of funds for healthcare and basic needs.
In Kyiv, President Volodymyr Zelenskyy called for continued support from Western allies as the nation commemorates fallen soldiers amid the ongoing conflict.
President Putin has criticized Western elites for allegedly turning Ukraine into a military base against Russia, intensifying the rhetoric surrounding the conflict.
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