Putin signs Russia's budget: military spending to reach record high since Soviet times

Russian President Vladimir Putin has signed a law on the federal budget for 2024 and the planning period of 2025-2026, which provides for almost a third of all spending on the army, a record since the Soviet era, according to roszmі, UNN reports .

Details

The document signed by Putin provides for record spending on the army. In particular, about 10.775 trillion rubles will be allocated for the "national defense" item, which is 70% more than in 2023 (6.8 trillion rubles).

The share of military spending in the budget, which will total 36.66 trillion rubles, will reach 29.5%.

RosMedia notes that the USSR spent a third of its defense budget in its last years. For example, in the 1990 budget, 71 billion rubles out of 241.3 billion, or 29.4%, were allocated for "military purposes."

Appendix

The Russian government will spend another 3.3 trillion rubles under the "national security" item, which includes the budgets of the Ministry of Internal Affairs, the Rosgvardia, special services and the FSIN system. Compared to the current year, these expenditures will increase by 163 billion rubles. Thus, in total, almost 40% of the budget will be spent on law enforcement agencies.

Also, spending to support the economy will decrease from 4.125 to 3.889 trillion rubles. Funding for education and healthcare - 1.6 trillion rubles each - will be frozen, and in real terms - adjusted for inflation - will be reduced.

Expenditures under the "health care" project will be reduced by 10% to 289.9 billion rubles. At the same time, funding for state propaganda and pro-military films will remain at a record level: the Russian media will receive 121.3 billion rubles, and 234 billion rubles for film production.