Russia's War Spending May Exceed Budget by $28 Billion, Internal Document Shows
By
Kyiv Post
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Summary
Russia's war spending in Ukraine is projected to exceed its 2023 budget by 2 trillion rubles ($28 billion), according to a leaked internal government document reported by the Financial Times. Finance Minister Anton Siluanov warned in a February letter that rising military expenditures are straining the federal budget, potentially forcing the Kremlin to freeze or cut spending in other sectors to cover the growing costs of the war.
Key quotes
· 3 pulledRussia’s spending on its war against Ukraine is expected to exceed this year’s budget by 2 trillion rubles ($28 billion), according to a report citing an internal government document.
The Financial Times report, published on Friday, May 29, is based on a letter sent by Russian Finance Minister Anton Siluanov to the government in February, in which he warned that rising military expenditures were creating increasing pressure on the federal budget.
According to the document, Russia may need to freeze planned spending in other areas to cover the growing costs of the war.
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