That growth is mostly attributed to ramped up military spending.…. let’s see them sustain it. Play it exactly like Reagan did.
Again, natural resources aren’t their end game here. You’re staring at the pawn right in front of you and not the queen behind
According to Shatz, the Russian government spent about $353.8 billion (32.4 trillion rubles) in 2023, up from a little more than 31 trillion rubles in 2022. But those numbers far outstrip prewar levels of spending. The federal budget in 2021 was only $270 billion (24.8 trillion rubles).
"They're supporting defense industries. They're supporting employment. They're paying people bonuses to join the armed forces," Shatz said. "They're paying families for service members who are killed. They're paying service members who are wounded, who are lucky enough to get sent home."
The Kremlin has funded these outlays by increasing tax revenues, drawing down the national wealth fund, and most importantly, by borrowing. The government deficit is historically high right now, at nearly 10% of the overall budget.