What Russia's defence budget means for the Ukraine conflict
Russia is increasing its planned defence and national security spending significantly in 2023 and 2024. (Photo: Russian MoD)
The draft federal budget submitted on 29 September to Russia's State Duma shows a significant increase in defence spending and highlights different trends for national defence and national security and law enforcement.
According to the draft budget, national defence expenditure is planned to grow to RUB4,981 trillion ($80.9 billion) in 2023, with RUB4,648 trillion ($75.6 billion) in 2024 and RUB4,208 trillion Rubles ($68.4 billion) in 2025.
The figures indicate a significant increase compared to previous numbers cited. The proposed expenditure shows an increase of 43% for 2023 followed by lower growth of 29% in 2024 and then matches the previously expected
Already have an account? Log in
Want to keep reading this article?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 2 free stories per week
- Personalised news alerts
- Daily and weekly newsletters
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
More from Defence Notes
-
Turning the Hiroshima Accord into Action: Enhancing UK-Japan Defence Collaboration (Studio)
The UK-Japan strategic partnership leverages joint defence initiatives, advanced technologies, and SME integration to enhance military capabilities, foster innovation, and ensure regional and global stability through collective action and effective project management.
-
NATO countries outline strategies to accelerate defence industrial production
During the Washington Summit, member states also agreed to improve manufacturing capacities across the alliance and continue investing in joint projects with Ukraine.
-
Why the US military needs an “innovation intervention”
Several issues in the Pentagon’s structure and the defence industrial base have been hampering the country's efforts to produce cutting-edge solutions.