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According to Alfa-Bank analysts, in 2027 non-interest, non-defense spending of Russia’s federal budget will fall to about 9% of GDP — the lowest level since 2005. At the same time, spending under the «national defense» item will rise to 35% of all expenditures, while key civilian sectors face cuts.
#AlfaBank #BudgetoftheRussianFederation #WarinUkraine #publicdebt #Russia #finance #Economy
In 2027, Russia’s federal budget spending on servicing public debt will rise to 4.6 trillion rubles, or 9.4% of all expenditures, according to materials for the budget draft reviewed by Reuters. That is 670 billion rubles more than allocated for the current year, and almost as much as is planned for the entire «national economy».
#AntonSiluanov #VladimirPutin #publicdebt #MinistryofFinanceoftheRussianFederation #Russia
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