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@ Hertu20 🧿
2025-02-14 19:05:02
⚡️Russia's military budget in 2024 exceeded the military budget of all European countries combined — International Institute for Strategic Studies (IISS).
▪️According to the International Institute for Strategic Studies, Russia's military spending in 2024 increased by almost 42% and reached 13.1 trillion rubles ($145.9 billion).
▪️In terms of purchasing power parity (PPP), this amounts to $462 billion . At the same time, defense spending by European countries over the same period increased by 11.7% and reached $457 billion .
Thus, military spending in Russia exceeds the European average . As predicted by IISS, in the current 2025, Russian defense spending will increase by another 13.7%, reaching 15.6 trillion rubles. This will amount to 7.5% of the country's GDP and almost 40% of the federal budget