Russian Defense Budget Allocation in 2024 Confirmed by British Ministry of Defense

As confirmation of this forecast, the British Ministry of Defense cites documents issued by the Ministry of Finance of the Russian Federation, which confirm that in 2024, the Kremlin will allocate approximately one third of the state budget to the defense sector.

Latest Defence Intelligence update on the situation in Ukraine – 01 October 2023.

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— Ministry of Defence 🇬🇧 (@DefenceHQ) October 1, 2023

“The Ministry of Finance plans to increase the defense budget to 10 trillion rubles (96 million euros). This is a 68% increase compared to 2023 and approximately 6 percent of GDP,” the ministry statement said.

The British Ministry of Defense states that Russia will achieve this goal by reducing funding for other sectors. However, the ministry reminds that this is only part of the information on Russia’s spending – the rest is confidential.

However, according to the information that has come to the public eye, it can be concluded that the occupiers are preparing for a war that could last several months.

2023-10-01 10:54:01
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