Russia to Sharply Increase War Spending and Cut to Social Programs

🇷🇺 New York Times World (RU) —

AI Summary

Russia’s proposed 2027 budget would sharply increase spending on the war in Ukraine while relying on more borrowing and higher taxes. It also plans cuts to social benefits as both sides face growing difficulty financing the conflict.

Both sides are finding it increasingly difficult to finance the conflict in Ukraine. Russia’s 2027 budget envisions more debt, higher taxes and lower social benefits.

World Security Conflict Politics Markets Russia Ukraine war 2027 budget military spending taxes social benefits

Read original source →