Russia to raise defense spending by 30% next year...Group 13 Ruble Organization

Russia, which is at war with Ukraine, has decided to increase its defense spending by nearly 30% next year.

The Russian House of Representatives passed the budget with an overwhelming approval in the first review.

According to this budget, Russia's defense spending next year will reach 13.5 trillion rubles and 190 trillion 75 trillion won in our money, which is larger than the combined welfare and education costs.

AFP estimates that Russia's total military spending next year will reach 40% of the government's budget, including domestic security budgets and confidential expenses.

The budget plan will go through a second review on the 14th of next month.