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Moscow plans record military spending in 2027 while reducing civilian programs and increasing taxes and borrowing to cover widening budget gaps.
Russia plans record war spending of $202 billion in 2027 despite falling oil revenues and a widening deficit. Here’s how Moscow plans to pay for it.
Russia is planning to allocate 17.1 trillion roubles to defence in 2027 and over 50 trillion roubles over three years. Bloomberg sees the budget as a sign of preparations for a protracted war.