Putin approves record defense spending, a third of Russia's budget

Russian President Vladimir Putin has approved a record defense budget, 1/3 of total government spending.

The 2025 budget, which was released on Sunday, allocates about $126 billion (13.5 trillion rubles) to national defense, amounting to 32.5% of government spending.

The defense budget is about $28 billion (three trillion rubles) higher than the previous record set this year.

The new three-year budget foresees a slight reduction in military spending for 2026 and 2027. Lawmakers in both houses of the Russian parliament approved the budget.

Russia's war in Ukraine is the biggest conflict in Europe since World War II. Moscow is currently making gains at key points along the front lines and is fighting an offensive in the Kursk region, the site of Kiev's only major military success this year./ CNA

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