Putin increases military spending by 27% to record £150,000,000,000 next year
Russian President Vladimir Putin has proposed a 27% increase in defense spending, aiming for a record £154 billion in 2027. This move comes amid heightened tensions with NATO and warnings from Western officials regarding Russia's ongoing hybrid warfare and imperialist ambitions.
Why it matters
The significant budget hike signals a long-term commitment to military expansion, increasing the risk of prolonged conflict and instability in Europe.
Vladimir Putin proposes to spend 17.1 trillion roubles (£154billion) on defence in 2027, according to government documents seen by the Reuters news agency (Picture: EPA)
Russia is planning to boost military spending by 27%, it has been reported, amid rumours of further mobilisation and warnings of increased ‘hybrid’ attacks in Europe.
Vladimir Putin proposes to spend 17.1 trillion roubles (£154billion) on defence in 2027, according to government documents seen by the Reuters news agency.
That is a rise of more than a quarter on the 13.5 trillion roubles (£122billion) originally budgeted.
The document states that defence spending in the next three years will total 50 trillion roubles (£450billion).
Putin’s commitment to war comes after UK Defence Secretary Wes Streeting labelled Russia the biggest threat to the country’s security.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in