putin increased Russia’s budget spending by $10.36 billion — despite record deficit
putin has signed a law increasing russia’s federal budget spending by 829 billion rubles ($10.36 billion), despite a record budget deficit.
Despite kremlin’s loud claims about “economic resilience,” “GDP growth,” and the “ineffectiveness of sanctions,” actual indicators tell a different story — the country is sinking deeper into debt.
Moreover, the additional expenditures are not directed toward supporting the economy or the population, but instead toward the military and security apparatus.
For ordinary russians, this means new taxes, inflation, rising prices, and a further decline in living standards. Social programs are being cut, while basic expenses are soaring. The future holds an even worse economic outlook, more poverty, and greater strain on the budget.
▫️ Earlier, the Center reported that russia’s economic problems are so severe they are even being discussed at propagandist events like the SPIEF (st. petersburg international economic forum).
