Russia’s War Budget Deficit Swells Amidst Record Military Spending
The Financial Times is reporting that Russia’s budget deficit for 2026 is growing, reaching an estimated $28 billion, which highlights the immense financial strain the ongoing conflict is placing on the Kremlin. This comes despite a staggering allocation of RUB16.84 trillion, or $238 billion, towards military purposes in the current year, a sum that constitutes nearly 40% of Russia’s entire federal budget. This figure is truly astonishing and brings to mind the ancient wisdom that “the sinews of war are infinite money,” underscoring the seemingly insatiable demand for resources in prolonged military campaigns.
The initial plan for 2026 was to manage a deficit of RUB3.8 trillion, but the reality has already surpassed expectations.… Continue reading
Matt Underwood