Russia will prioritise military spending

Russia’s budget reveals that the Kremlin is preparing for a long war in Ukraine

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In this article

  • Spending higher than planned in 2024
  • A budget for a prolonged war
  • Tax reforms create funds for soaring expenditure
  • Fiscal risks

What is this?

This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.