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Russia raises military budget to $202B
Russian government documents have announced that Russia will increase its defense spending in 2027 to approximately $202.58 billion, representing an increase of nearly 27% from the previous budget of 13.5 trillion rubles. It is estimated that total defense expenditure over the next three years will reach around 50 trillion rubles, with budget deficit projections rising to 3.2% of GDP in 2026, up from the previous forecast of 1.6%.
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