Putin approves a secretive budget raising Russia's military spending by 25% for 2025-2027.

Russian President Vladimir Putin has approved a budget plan for 2025-2027 that increases military spending by 25%, allocating about 32.5% of the budget to defense. This budget, the most secretive in post-Soviet history, hides nearly a third of its spending from public view. Key priorities include the ongoing war in Ukraine, social needs, and technological development. The budget aims to be balanced with a deficit of 0.5% and state debt below 20% for the next three years.

November 30, 2024
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