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The ruling means there is a gap of at least EUR17bn (USD18.4bn) in next year’s spending that needs to be addressed. The coalition parties are divided on how to resolve the issue.
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DOI: 10.1108/OXAN-DB283925
ISSN: 2633-304X
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Geographic
Topical
Russian defence spending rose by 23% in nominal terms last year as military needs and losses ballooned. The greater secrecy applied to military expenditure suggest this is an…
Plans for the next three years point to a rebalancing in the structure of expenditure, with greater emphasis on spending on health, education and support for the economy. Federal…
The trajectory of Russia's defence budget.
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DOI: 10.1108/OXAN-DB220134
ISSN: 2633-304X
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Geographic
Topical
The target will be met through the regular budget and the EUR100bn (USD104bn) special defence fund, which is due to be exhausted by the end of 2027. There is no cabinet consensus…
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DOI: 10.1108/OXAN-DB285357
ISSN: 2633-304X
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Geographic
Topical
Record levels of defence spending have led to surging demand for inputs used to manufacture military equipment, driving up output across various sectors. However, evidence of…
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DOI: 10.1108/OXAN-DB285498
ISSN: 2633-304X
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Geographic
Topical
As a result of dwindling tax revenue, he also said that state spending would be cut by EUR10bn (USD10.8bn). The government’s forecast for this year is more optimistic than…
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DOI: 10.1108/OXAN-DB285767
ISSN: 2633-304X
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Geographic
Topical
President-elect Donald Trump plans to expand military spending as part of his "America First" foreign policy but has so far offered few details of how this expansion will be…
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DOI: 10.1108/OXAN-DB217332
ISSN: 2633-304X
Keywords
Geographic
Topical
The market for luxury goods in China.
A three-year budget cycle is intended to create predictability after a year in which the initial budget had to be revised as the oil price outlook grew gloomier. Spending cuts are…