Page 71 - bneIntelliNews monthly country report Russia May 2024
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slightly down from the 1.308 trillion roubles last month. Russia's Finance Ministry will publish the April data in early May.
6.1.2 Budget dynamics - specific issues...
Military aid to Ukraine narrows spending gap with Russia. Combined, military aid to Ukraine and Ukraine’s own military spending were equivalent to about 91% of Russian spending.
The war against Ukraine costs Russia $300M per day. Therefore, because the Kremlin constantly incurs these expenses to finance its aggression against Ukraine, the Russian Federation will probably have to raise taxes on the population. Analysts have estimated that $135B remains in the Russian National Welfare Fund, but the Kremlin has access to only $58B in liquid
71 RUSSIA Country Report May 2024 www.intellinews.com
