The Kremlin plans to increase its defense budget by 23% to $145 billion, making up 6.2% of the country’s GDP. The spending would be more than the total funding for education, healthcare, social policies, and the economy combined.
https://www.semafor.com/article/09/30/2024/ukraine-war-russia-hikes-defense-budget-as-moscow-projects-military-might
by MaryADraper
17 comments
If EU’s GDP is 17 trillion, and if they invest just 1%, it’s bigger. And unlike Russia they still have reserves. So what’s EU doing wrong here?
Who need educatiin there ? Young mens are only born to die for Putin and his friend which are stealing in the meanwhile all the country assets.
If true, they’re destroying the future of the country for at least the next couple of generations. Genuinely mind-blowing.
No worries; the Colonels and Generals will just pocket most of that, and the contractors will soak up the rest . . . They might try to refit the KutzNutzoff again or something.
Wasn’t that headline a Queensryche lyric?
Comparing it to GDP is an interesting metric but as we know, GDP can misrepresent the economy. I’d rather go with % of annual budget.
Yes, in 2022-2024 years, as it was in 2014 year, West gave to Kremlin time and resources (only in 2022-2023 years EU+NATO countries spent on Russian export ~$450B) possibility to continue war/escalation…
It’s not news, it’s created by West years old reality.
The great devaluation of ruble is coming, there is 0 possible ways they will increase their spending without losing the value of ruble by 30-40%
Given cheaper Russian salaries and stuff, in real terms it’s probably closer to 250 billion.
1/3rd roughly of the US budget.
No worries peeps.. noway russia spends so much on education healthcare social policies and economy
Last ditch effort. 25 is the final year of this.
The Swiss must be celebrating.
Yeah, and I plan on increasing my beer-and-video-game budget to twice my mortgage. Doesn’t mean I can make it work.
Oooh, that’s gonna be painful for civilian life.
Especially since half of that 23% is probably hush money to keep the Generals sweet.
I love watching Russian politicians destroy their own rotten country.
Some high-ranking pockets are going to be filled to the brim.
On one hand this’ll help overheat their economy and cause a recession, combined with their ~20% inflation it’ll be stagflation or worse. On the other hand, that’s still a whole lot of money for weapons and bodies to throw at Ukraine.
Great. They spend all that and just send their troops to be bullet magnets.