• $ 1.7
  • € 1.9834
  • ₽ 0.020901
  • ₺ 0.0412
  • £ 2.2866

Kremlin faces tough 2026 budget decisions as war spending mounts

Kremlin faces tough 2026 budget decisions as war spending mounts
08.09.2025 18:00

The Kremlin will be forced to make difficult choices in drafting Russia’s 2026 budget amid growing pressure on its war-driven economy, the Financial Times reported.

According to the finance ministry, energy revenues fell 20% year-on-year in January–August. The federal deficit reached 4.9 trillion rubles ($61 billion) in the first half of 2025 — about 2.2% of GDP, compared with the planned 0.5%.

FT said GDP growth will slow to 1.4% this year and remain below 2% in the next three years. Analysts noted the government may cut non-military spending while military outlays have nearly doubled since 2022.

Similar news
Similar news
Kremlin faces tough 2026 budget decisions as war spending mounts
World 18:00
Kremlin faces tough 2026 budget decisions as war spending mounts
European leaders to visit US for Ukraine talks
World 14:30
European leaders to visit US for Ukraine talks
Trump says US will restore order, not start war in cities
World 13:00
Trump says US will restore order, not start war in cities
Lake Urmia nearly dried up — NASA images
World 12:27
Lake Urmia nearly dried up — NASA images
Zelenskiy: Putin got what he wanted from Trump summit
World 12:00
Zelenskiy: Putin got what he wanted from Trump summit
Protests erupt outside opposition HQ in Istanbul
World 11:30
Protests erupt outside opposition HQ in Istanbul
Margarita Simonyan reveals she has serious health condition
World 11:00
Margarita Simonyan reveals she has serious health condition
US imports from Russia doubled under Trump
World 10:30
US imports from Russia doubled under Trump
Khamenei urges officials to stockpile food
World 09:30
Khamenei urges officials to stockpile food
Anews TV

Our official Youtube channel

Subscribe