Russia’s War Budget Causing a Soviet-Style Collapse?

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October 5, 2024

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In 2025, Russia is set to increase its military spending by nearly 30%, with a one-year increase of $32 billion, bringing its total military budget to $177 billion. This massive expenditure is expected to take up 32% of Russia’s total budget, making it one of the largest military spenders in the world. If you include the security apparatus, such as the FSB, the total expenditure jumps to 41% of the country’s state expenditures and 8% of its GDP.

Russia’s military spending is reminiscent of the late Soviet military spending levels, which ultimately led to the country’s bankruptcy. The same pattern is now being repeated, with the Russian government pouring massive sums into the military, while also struggling to fund other areas of the country’s budget.

Meanwhile, Ukraine is also increasing its military spending, with a budget of $54 billion, and receiving significant support from the West, which brings its total military expenditure to a staggering amount. However, despite these efforts, Ukraine’s military is still nowhere near Russia’s, and the war shows no signs of ending soon.

The Russian economy is also growing, but at a rapid rate, with the government struggling to control inflation, which has already reached 99.1% in August 2024. The government is pushing to stop this price hike, but it’s a difficult task, as the country’s population is shrinking, and there are fewer people to work to support the war effort.

Russia’s inflation rate is accelerating, and the government is struggling to cope, with wages and prices spiraling out of control. The country’s military spending, which is already massive, is only adding to the problem, as the government has to pay for rations, fuel, and other expenses, which drives up costs even further.

The Russian government’s economic situation is similar to the situation in the 1970s, when the Soviet Union was pouring massive amounts of money into the Afghanistan war, but with a difference – the Soviet Union eventually collapsed, and the Russian economy is still struggling to recover.

As a result, the Russian military itself is beginning to realize that it cannot sustain the war effort for much longer. The military is already feeling the pinch, with insubstantial pay rises, and the government is struggling to keep up with the demands of the war. The situation is precarious, and it’s unclear how Russia will be able to sustain its military spending and the war effort for much longer.