Posted 11/27/2023, 5:57:04 PM
Putin Signs Record $415 Billion Budget to Bolster Military and Counter Sanctions
- Putin signs Russia's largest national budget, bolstering military spending to a record amount
- Budget for 2024 is 36.6 trillion rubles ($415 billion) with a deficit of 1.595 trillion rubles
- Budget specifically developed to fund military and mitigate sanctions impact
- Nearly 40% of federal spending in 2024 will go toward defense and law enforcement
- Part of budget is secret as Kremlin conceals military plans and Ukraine operation