Hopefully, the enormous costs of the Russo-Ukrainian War will help end it sooner than later!
Hopefully, this kind of spending will also wake up the Russian people!
"For the first time in modern history, the country is set to spend 6 percent of gross domestic product (GDP) on the military, and defense spending will exceed social spending. ...
In other words, the soaring defense and social spending in the budget will be largely financed through the gradual devaluation of the ruble, a process that is already well under way. ...
Defense spending in 2024 will almost double compared to this year. ...
Unlike oil, guns drive industrial growth: economic growth reached 4.9 percent in July. Industries directly related to the war have seen spectacular growth: production of transport is up 66.7 percent from last year, computers and electronics are up 42.6 percent, navigation devices 72.4 percent, electrical equipment 29.5 percent, and protective clothing 40.4 percent. Industries indirectly linked to the fighting are also experiencing abnormally high growth rates: equipment repair and installation is up 8.5 percent, while the food industry saw 11.3 percent growth. ..."
Defense spending in 2024 will almost double compared to this year. ...
Unlike oil, guns drive industrial growth: economic growth reached 4.9 percent in July. Industries directly related to the war have seen spectacular growth: production of transport is up 66.7 percent from last year, computers and electronics are up 42.6 percent, navigation devices 72.4 percent, electrical equipment 29.5 percent, and protective clothing 40.4 percent. Industries indirectly linked to the fighting are also experiencing abnormally high growth rates: equipment repair and installation is up 8.5 percent, while the food industry saw 11.3 percent growth. ..."
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