Exclusive: Russia has doubled its 2023 defense spending target to more than $100 billion - a third of all public expenditure - as the costs of the war in Ukraine spiral and place growing strain on Moscow's finances
The figures shed light on Russia's spending on the conflict at a time when sector-specific budget expenditure data is no longer published.
Defence spending in the first six months of 2023 amounted to 5.59 trillion roubles, 37.3% of a total 14.97 trillion roubles spent in the period, the document showed. Russia's budget plan envisages 17.1% of total funds spent on "National Defence".Rising war costs areRussia's modest economic recovery this year with higher industrial production, but have already pushed budget finances to a deficit of around $28 billion - a figure compounded by falling export revenues.
Reuters calculations based on the document showed that Russia had spent 19.2% on defence in the first six months of all initially planned budget expenditure for 2023 as a whole.Moscow had spent 2 trillion roubles on the military in January and February. In the first half of this year, budget expenditure was 2.44 trillion roubles higher than the same period of 2022. Based on the document, 97.1% of that extra sum was directed to the defence sector.
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