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Russia’s defence spending to rise by 25% next year, the highest since the cold war
(www.theguardian.com)
Defense, lol
this post was submitted on 30 Sep 2024
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40% of national expenditure on defence and security is astounding. I'd read previously that the massive defence spending was reshaping the Russian economy, but I had no perception it was that high.
That sounds like the sort of spending you'd pursue if you were heading toward total war, not merely entrenched in a single 'special military operation'. I wonder if it indicates that those who suggest that this is just the opening stage of what will end up being a much larger war involving the attempted conquest of other nations might be right.
It could be a sign they're gearing for all out war economy in preparation of a massive offensive on multiple fronts....
Or it could be a sign their already not great corruption-riddled military absolutely screwed the pooch in terms of (not) maintaining things and pocketing the money, and now to compensate for what needs replaced as well as current losses, a large portion of their economy has to be diverted in order to keep from being completely demolished on the front lines.
In no way does that mean "Russia is facing imminent defeat", just that they have to focus on making guns and ammo to replace what's being lost and can't focus on other things right now.
They spent a fifth of their sovereign wealth fund covering their budget deficit last year, I'm not sure that Russia has the capacity to scale things up