defense and security spending has doubled, but the budget is “healthy” – Kommersant
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Russian President Vladimir Putin said during a meeting of the Valdai International Discussion Club that the militarization of the country’s economy is not happening. He noted that defense and security spending had doubled, but recalled that in the third quarter the budget surplus amounted to over 660 billion rubles.
By the end of the year, the budget deficit is planned to be only 1%. Budget deficits in the region of 1% are also forecast for 2024 and 2025. However, Mr. Putin emphasized that the Russian budget is coping and will cope with the implementation of the SVO in the future.
GVladimir Putin described the state’s budget and economy as “quite healthy.” “We spend excessively on guns and forget about oil – this is not so,” said the head of state.
The President noted that all previously announced development plans and all previously taken social obligations to the population are being fully implemented.
The news is being updated.
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