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Russia looks poised to increase its spending on defense by over 28% next year. If approved, it would make it the highest figure spent on its military in the country's history.

AP News

In a draft budget on Monday sent to the State Douma — the lower house of the Russian legislative assembly — the country's government proposed spending 13.5T rubles (over $145B) on defense in 2025. It proposed spending 12.8T rubles ($140B) in 2026 and and 13.1 rubles ($144B) in 2027.

TASS

While the figures could change as the budget is debated in the Douma and the Federation Council, the upper house, before Russian Pres. Vladimir Putin signs the budget into law, if approved, it would mean that 32.5% of Russia's expenditure next year would go towards defense.

Elsewhere in the budget, 1.68T rubles ($18.5B) was earmarked for education in 2025 while $1.86T ($20.5B) was allotted for health.

Meanwhile, Russia's military started another round of conscription on Tuesday, stating that 133K people will be called up for service — 3K more than the number of people conscripted in the spring.

Irrespective of the war in Ukraine and whether it comes to a close or not, the latest budget shows that Russian Pres. Putin is seeking a form of military Keynesianism — excessive spending on defense in the hopes it will revive Russia's fledgling economy.

Russia to raise defence budget by 25% to highest level on record

Russia's budget is well thought-through and takes into consideration all the needs of the state so that all sectors are adequately funded to meet their needs.

Draft Russian budget for 2025-2027 well-calibrated — Kremlin

There's a 50% chance that at least 2.5% of world GDP will be spent on military expenses in 2030, according to the Metaculus prediction community.

Russia to Increase Defense Spending to Record Amount

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