Kremlin spokesman Dmitry Peskov commented on the increase on Thursday after the release of the Russian Finance Ministry’s draft budget for 2024, which showed a 68 percent jump in defense spending compared to 2023. The ministry proposed spending up to 10.77 trillion rubles, or 111 .04 billion dollars for “national defense”, which is almost 70% more than last year, reports CNN.
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Finance Minister Anton Siluanov highlighted the budget’s main focus on military spending when asked about Russia’s 2024 budget priorities at a financial forum in Moscow on Thursday. “The structure of the budget shows that the main emphasis is on ensuring our victory – the army, the defense capabilities, the armed forces, the fighters – everything necessary for the front, everything necessary for victory is in the budget,” Siluanov said. “It’s a significant strain on our budget. But it’s definitely our priority,” he added.
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