Russia's new budget plan shows record-high secret spending for next 3 years

Russian government made public its financial roadmap with increased military focus and hidden expenses. One-third of spending details wont be shown to public while state debt stays under control

December 2 2024 , 01:14 PM  •  14 views

Russia's new budget plan shows record-high secret spending for next 3 years

Vladimir Putin signed-off on a new three-year budget plan that puts military needs first. The financial document (which starts from early-2025) shows a huge 25% boost in defense spending

The new budget is extra-secretive: about one-third of all money flows will be hidden from public eyes - something not seen since USSR times. Government officials say their main focus is on:

  • Military operations support
  • Social programs funding
  • Tech development plans

The money-management looks stable; state debt wont go above 20% till late-27. The yearly gap between income and spending will get better - from 1‚7% now to just half-a-percent next year

Russian leadership made this budget extra careful with numbers; every ruble has its place. The document shows how Putinʼs team wants to keep both military and social spending in check while pushing for more tech progress

The financial plan got quick approval from top officials who say its well-balanced. Even with lots of hidden parts its clear that defense spending is now the main priority for next three years