Russia plans 2027 cuts to fund military
Russia plans to reduce welfare and education funding in 2027 as military spending increases. The draft budget reflects rising costs associated with the conflict in Ukraine.
Insights:
Russia will slash funding for welfare, education, and healthcare in its upcoming state budget, allocating 17.1 trillion roubles ($202.58B) to defense. The defense outlay represents a 27% increase from the originally budgeted 13.5 trillion roubles for the period. The sweeping cuts come as prolonged military spending strains the national treasury.
