Market
Story
Putin Approves Record $145 Billion Russian Defense Budget, 32.5% of 2025 Spending
Dec 1, 2024, 11:29 AM
Russian President Vladimir Putin has signed a law approving the federal budget for 2025-2027, which includes record-high military spending. For 2025, defense allocations amount to 13.5 trillion rubles ($145 billion or €137 billion), representing 32.5% of the total budget. This marks a significant increase from 28.3% in the previous year. The defense budget surpasses spending on education, healthcare, social policy, and the national economy combined. Military spending also accounts for 6.3% of Russia's GDP, the highest in its post-Soviet history. The budget reflects Moscow's focus on sustaining its military efforts, particularly amid the ongoing war in Ukraine. Additionally, this budget is described as the most secret in Russia's post-Soviet history.
View original story
Similar markets
Increased global military tensions • 25%
Ongoing conflict in Ukraine • 25%
Internal security threats • 25%
Modernization of military capabilities • 25%
Other • 25%
Naval Expansion • 25%
Space Force • 25%
Cybersecurity • 25%
Other • 25%
Anti-drone technology • 25%
Naval defense • 25%
Anti-aircraft systems • 25%
Conflict in Ukraine • 25%
Strategic deterrence • 25%
Modernization needs • 25%
NATO expansion • 25%
Increased military success • 25%
Withdrawal from Ukraine • 25%
Increased military losses • 25%
Stalemate with no significant change • 25%
Research and development • 25%
Personnel costs • 25%
Equipment procurement • 25%
Classified expenditures • 25%
Other • 25%
Transport Aircraft • 25%
Bombers • 25%
Fighter Jets • 25%
Supporting Syrian government forces • 25%
Other strategic focus • 25%
Countering Israeli airstrikes • 25%
Securing military bases • 25%
Conventional forces • 25%
Nuclear deterrence • 25%
Space defense • 25%
Cybersecurity • 25%
Offensive weaponry • 25%
Nuclear deterrence • 25%
Air defenses • 25%
Cybersecurity • 25%