This is a record: analysts confirmed that Putin has increased the budget of the Russian Federation to support the war in Ukraine

More than a third of the Federal Budget of the Russian Federation intends to refer in 2024 to defense. The budget of Russia has increased the federal defense expenditures for 2024 due to the initiative of the Kremlin Volodymyr Putin's initiative to continue to maintain the invasion of the territory of Ukraine. This is stated in the report of the Institute of War Study (ISW) for November 28. In total, public spending amounts to $ 412. 5 billion and the budget deficit is $ 9. 5 billion.

Russian authorities hope to spend about $ 157. 5 billion on defense and a power unit as a whole. From all the expenditures of the federal government, this figure is 39 percent. In 2023, the Ministry of Finance of Russia, according to ISW experts, decided to provide $ 72. 1 billion in defense. Much of the federal budget was classified. More than a third of the federal budget intends to defense. This is a record level of Russian defense costs.

The financial burden rests with private business structures and regional budgets, and the federal budget does not cover all the costs of security forces and the army. According to ISW analysts, the Kremlin is ready to send most of its federal budget funds allocated for defense, it is to support the occupation contingent in Ukraine. The Russian authorities hope that it will increase the effectiveness of the troops and continue to keep their ability to fight.