MarketsNotableReported
7.2
Russia's Central Bank: Budget Plan Cuts Demand Impulse vs July Forecast
InterfaxLO·RU·1 day ago
Russia's draft 2027-2029 budget allocates over 17.1 trillion rubles for national defense in 2027, totaling more than 50 trillion rubles across the three-year period. This continues Russia's elevated military spending trajectory amid the Ukraine conflict, signaling sustained defense prioritization. The figures, from an explanatory note to the draft budget, indicate a continued shift toward a war economy, with implications for fiscal sustainability and regional security.