Russia in 2025 plans to significantly increase military expenses - Bloomberg

Vladimir Putin, apparently, is not going to end the fighting in the territory of Ukraine. National defense expenditures next year will be higher than education, health care, social policy. In 2025, the Russian government intends to increase defense costs to 13. 2 trillion rubles ($ 142 billion) from 10. 4 trillion rubles planned for the current year. This will be 6. 2% of the gross domestic product, writes Bloomberg, having read the projects of three -year budget proposals.

In 2026, military expenses plan to reduce to 5. 6% of GDP and 5. 1% in 2027, according to Bloomberg calculations based on the project data. Costs for national defense and internal security are expected to be about 40% of the total budget expenditures of Russia in 2025. This is more than aggregate education, health care, social policy and national economy. That is, writes Bloomberg, the war of Vladimir Putin against Ukraine does not give any signs of end.

In addition, it is predicted that the costs of classified or unknown articles, some of which can be credited to other articles, will increase to 12. 9 trillion rubles in 2025 with the initial planned 11. 1 trillion this year, remaining at about 30% of the total the amount of budget expenditures. According to the agency, the budget project is likely to be submitted to the Russian Parliament. At the same time, the documents show that the government expects to reduce the budget deficit in 2025 to 0.

5% of GDP. This is, as noted, based on the forecasts from the introduction of income tax and the expected increase in value added tax revenues, as well as excise duties and import duties. Recall that the chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy Danilo Getmantsev noted that the planned amount of revenues of the budget of the Russian Federation is 35. 1 trillion rubles. Due to the reorientation of oil sales to China and India, the surplus amounted to $ 40. 5 billion.