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Russia approves record spend for its military in new 2024 budget
(www.euronews.com)
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this post was submitted on 29 Nov 2023
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This is the best summary I could come up with:
The Russian President has approved a record budget increase of around 30% for military spending in 2024, reaching 36.6 trillion rubles (€376.7 billion).
Vladimir Putin has officially endorsed a substantial increase in military spending, approving draft budget plans that allocate approximately 30% of fiscal expenditure to the armed forces in 2024.
This surge amounts to an almost 70% increase in defence spending compared to 2023, reflecting Russia's unwavering commitment to its war in Ukraine.
Independent journalists Farida Rustamova and Maksim Tovkaylo estimate that approximately 39% of all federal spending in 2024 will be directed towards defence and law enforcement.
The budget's passage comes against the backdrop of Russia's prolonged military operation in Ukraine, prompting Vyacheslav Volodin, chairman of the State Duma of the Russian Federation, to assert that the budget was specifically crafted to fund the military and counter the repercussions of international sanctions imposed since Russia's deployment of troops into Ukraine in February 2022.
This budget approval underscores Russia's steadfast commitment to its military pursuits, even as the international community closely monitors the developments in the ongoing conflict in Ukraine.
The original article contains 358 words, the summary contains 180 words. Saved 50%. I'm a bot and I'm open source!
39% might be even higher percentage than Ukraine. Not sure if there's any other country that would spend larger portion of their budget on military.
Absolutely crazy to spend that on offensive war.
It is an offensive war, but a defensive decision.
If the house of cards collapses, all of these people are in deep shit.