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[Russia plans to spend 17.1 trillion rubles on defense in 2027] September 29th, Russia plans to spend 17.1 trillion rubles on defense in 2027, an increase from the original plan of 13.5 trillion rubles; Russia’s national debt is expected to rise to 21.7% of GDP in 2027, compared with 19.9% in 2026. Budget expenditures in 2026 will increase by 13.2% to 48.6 trillion rubles, accounting for 20.9% of GDP; the 2026 oil and gas revenue estimate is lowered from 8.9 trillion rubles to 7.6 trillion rubles; 459 billion rubles will be spent in 2026, accounting for approximately 11% of the current portion of the fiscal reserve fund, to make up for the budget deficit.
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