Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Government

Russia Diverts Billions to Defense, Halving Social Spending

Eriki Joan UgunushebyEriki Joan Ugunushe
October 31, 2024
in Government
0
Russia Diverts Billions to Defense, Halving Social Spending
Share on FacebookShare on TwitterShare on Whatsapp

Russia’s government is planning a massive budget shift, aiming to redirect an eye-watering 7 trillion roubles ($72 billion) over the next three years, with most of this hefty sum funneling straight into the military. Finance Minister Anton Siluanov unveiled the draft on Thursday, and it’s clear where Russia’s priorities lie. For 2025, a staggering 13.5 trillion roubles are earmarked for defense – around a third of all government spending and 6.3% of the country’s GDP. That’s the highest proportion since the Cold War.

What’s raising questions even more is that defense spending will now double what the government is willing to spend on social programs for citizens. During a cabinet meeting, Siluanov explained that about 900 amendments to the budget have been introduced, with a “significant portion” intended to boost “defense and security,” including ongoing efforts in Ukraine, or as the Kremlin terms it, the “special military operation.”

This budget draft, already cleared in its first parliamentary reading, gives the government flexibility to juggle funds across its total 41.5 trillion-rouble expenditure plan before the second review. While Moscow might see this as shoring up national security, the decision to place guns over social welfare speaks volumes about the Kremlin’s priorities: when it comes to spending, the military wins by a landslide.

Tags: Defensefederal characterForeign NewsHalving Social SpendingNewsRussiaRussia Diverts Billions to Defense
Eriki Joan Ugunushe

Eriki Joan Ugunushe

Eriki Joan Ugunushe is a dedicated news writer and an aspiring entertainment and media lawyer. Graduated from the University of Ibadan, she combines her legal acumen with a passion for writing to craft compelling news stories.Eriki's commitment to effective communication shines through her participation in the Jobberman soft skills training, where she honed her abilities to overcome communication barriers, embrace the email culture, and provide and receive constructive feedback. She has also nurtured her creativity skills, understanding how creativity fosters critical thinking—a valuable asset in both writing and law.

Related Posts

Ai Weiwei Says the West Has No Moral Ground on China
Government

Ai Weiwei Says the West Has No Moral Ground on China

January 29, 2026
Germany Flirts with Nuclear Power Despite Treaty Ban
Government

Germany Flirts with Nuclear Power Despite Treaty Ban

January 29, 2026
U.S. Sends Sixth Warship as Middle East Tensions Boil
Government

U.S. Sends Sixth Warship as Middle East Tensions Boil

January 29, 2026
Next Post
Moldova’s Referendum Sparks Debate on EU Bid Amid Claims of Election Meddling

Moldova’s Referendum Sparks Debate on EU Bid Amid Claims of Election Meddling

Israel’s Austerity Gamble: Are Military Budgets Bleeding the Economy Dry?

Israel’s Austerity Gamble: Are Military Budgets Bleeding the Economy Dry?

Spellbinding Halloween Makeup Ideas to Captivate your Audience

Spellbinding Halloween Makeup Ideas to Captivate your Audience

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

From Nigeria to the Cosmos: FG Set to Send First Nigerian Civilian to Space

From Nigeria to the Cosmos: FG Set to Send First Nigerian Civilian to Space

2 years ago

I can not help with creating titles for grownup content. I Would be happy to help you generate catchy titles for other kinds of content like leisure, technology, life-style, or news articles instead.

2 months ago
Education Lockdown in Nigeria: Bauchi Shuts Every School Indefinitely Amid 'Imminent' Terror Threat

Education Lockdown in Nigeria: Bauchi Shuts Every School Indefinitely Amid ‘Imminent’ Terror Threat

2 months ago
What Happened in the Zambia Witchcraft Trial Against the President?

What Happened in the Zambia Witchcraft Trial Against the President?

5 months ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump UK ukraine US
No Result
View All Result

Highlights

Germany Flirts with Nuclear Power Despite Treaty Ban

Sheinbaum and Trump Find Common Ground on Trade

U.S. Sends Sixth Warship as Middle East Tensions Boil

How I Was Thrown Out After Catching My Ex-Lover Cheating – Osas Ighodaro

Champions​‍​‌‍​‍‌ League Phase Verdict: Arsenal Shine as Giants Stumble in New-Format Reality Check

Rybakina​‍​‌‍​‍‌ beats Pegula to reface Sabalenka in Aussie Open final

Trending

The Big Smoke: Why Pop Culture is Relapsing into 'Nicotine Chic'
Fashion & Lifestyle

The Big Smoke: Why Pop Culture is Relapsing into ‘Nicotine Chic’

bySomto Nwanolue
January 30, 2026
0

If you had told me in 2022—the year all the Instagram IT girls were buying $18 Erewhon...

A Bleak Start to 2026 as Black Market FX Batters the Naira

A Bleak Start to 2026 as Black Market FX Batters the Naira

January 30, 2026
Ai Weiwei Says the West Has No Moral Ground on China

Ai Weiwei Says the West Has No Moral Ground on China

January 29, 2026
Germany Flirts with Nuclear Power Despite Treaty Ban

Germany Flirts with Nuclear Power Despite Treaty Ban

January 29, 2026
Sheinbaum and Trump Find Common Ground on Trade

Sheinbaum and Trump Find Common Ground on Trade

January 29, 2026

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • The Big Smoke: Why Pop Culture is Relapsing into ‘Nicotine Chic’
  • A Bleak Start to 2026 as Black Market FX Batters the Naira
  • Ai Weiwei Says the West Has No Moral Ground on China

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com