FILE PHOTO: Spectators watch Russia's S-400 air defence system units driving along a road after a military parade on Victory Day, which marks the 79th anniversary of the victory over Nazi Germany in World War Two, in Moscow, Russia, May 9, 2024. REUTERS/Yulia Morozova/File Photo
MOSCOW (Reuters) - The Russian government is seeking to reallocate 7 trillion roubles ($72 billion) in its three-year budget draft, with a significant portion of the funds directed towards the military, Finance Minister Anton Siluanov said on Thursday.
The draft allocates 13.5 trillion roubles to the military in 2025, accounting for a third of total expenditure or 6.3% of GDP — the highest level since the Cold War. New amendments suggest that this figure could be even higher.
