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Russia Cuts Social Spending as 2027 Defense Budget Soars

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Story summary
  • Russia will cut welfare, education and health funding in the 2027 budget to prioritize defence spending.
  • Defence spending will reach 17.1 trillion roubles in 2027, a 27% increase over the original budget.
  • Social-policy funding will shrink 7% in 2027 compared with the initial plan.
  • Debt-servicing costs will rise 21% in the 2027 budget.
  • President Vladimir Putin signed a decree raising armed forces personnel to 2,441,630, adding about 15,500 staff.
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