Russia To Cut Education Funds To Boost Defence Spending Amid Ukraine War
Russia's draft budget for 2027 reveals a significant increase in defense spending to 17.1 trillion rubles, while funding for education and social welfare is being reduced. This shift reflects the ongoing financial strain of the war in Ukraine.
Why it matters
The prioritization of military expenditure over social services highlights the long-term economic impact of the conflict on Russia's domestic stability and development.
Russia plans to sharply increase defence spending, cut funding for education and raise taxes next year as costs mount in its war with Ukraine, draft budget documents show.The budget comes as the Ukraine war grinds through its fifth year, with both sides intensifying long-range strikes and Moscow pummelling Kyiv in daily air attacks.Here's what we know about the plans, which have been submitted to Russia's lower…
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