Significant increase in Russian military budget in 2024

According to the report of Fars News Agency International Group, “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 It will experience an increase of 29% compared to 2023 and will reach 12.8 trillion rubles (about 140 billion dollars). He wrote, Russia’s military budget in 2024 will be equal to 7.1% of the country’s GDP and 35% of the total budget of the Russian government. November signed the country’s three-year federal budget program document until 2026.

The Stockholm International Peace Research Institute wrote, this Russian document shows the Moscow government’s pursuit of the war in Ukraine, which has lasted from 650 days have passed, “there will be a firm commitment”.

On the other hand, despite the economic challenges facing Russia, the budget of the “National Economy” sector, while in 2023, equal to 14% From the total budget, it will decrease to 11% in 2024.

Also, the share of important social budgets has decreased, including the housing sector budget, from 2.8% of the total budget in 2023 to 2.2%. In 2024, the budget of the education sector will decrease from 4.8% in 2023 to 4.2% in 2024, and the budget of the health care sector will decrease from 5.2% in 2023 to 4.4% of the total budget of Russia 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 scheduled to be held in 2024, and it seems that Putin wants to show his intention to bring about a successful outcome to the Ukraine war within this year.”

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