Adjusted for military PPP, their combined budget is now equivalent to 76% of America’s. Last year 18 out of 32 NATO countries hit the alliance’s target of 2% of GDP , up from just eleven in 2023.

In Russia's draft state budget for 2025, defense expenditures are set at 13.5 trillion rubles (approximately $145 billion). This represents an increase of nearly one-third compared to 2024 ...

Russia will increase its military spending by almost 30% next year, according to a draft budget published Monday. The 2025 budget will take Russia’s military spending up to $145 billion, ...

It is fair to say that the global tab for addressing the world’s acute humanitarian or ecological needs pales in comparison ...

Russian President Vladimir Putin has approved a record-breaking defense budget, setting aside a staggering third of the government’s total spending as the war in Ukraine drains resources from ...

The rate of growth for Russia’s military spending outpaced all other European countries combined in 2024 as its invasion of Ukraine has persisted for nearly three years, according to an analysis ...

The rate of growth for Russia’s military spending outpaced all other European countries combined in 2024 as its invasion of Ukraine has persisted for nearly three years, according to an analysis ...

The Russian government wants to earmark 32.5% of its spending next year for defense, a record amount and up from a reported 28.3% this year, as Moscow seeks to prevail in the war in Ukraine.

A crack in the Russian economy. In 2024, the Kremlin's spending on the war with Ukraine will reach a record RUB 16.3 trillion (around US$147.5 billion), more than 8% of its GDP and 41% of the total ...

The amount of Russia's military spending that is funded through a shadow financing scheme could be equal to its official military budget and may be contributing to rising inflation risks in the ...

Global Military Spending Surges as Europe Tackles ... with European countries rushing to bolster their security in the face of threats from Russia. Military expenditure worldwide rose 9.4% ...

The new three-year budget forecasts a slight reduction in military spending for 2026 and 2027. Lawmakers in both houses of the Russian parliament approved the budget. Russia’s war in Ukraine is ...