Russia to Drastically Increase Military Spending in 2024
Russia’s military spending is set to dramatically increase as a result of a national budget President Vladimir Putin signed on Monday. This budget will boost military spending by a stunning 70 percent. For the first time since the Soviet Union collapsed, Moscow will spend nearly a third of all expenditures on maintaining the military and military-industrial complex.
- About 30 percent of Russian expenditures will go toward the military in 2024 (approximately $412 billion).
- Another 10 percent will go toward domestic security (approximately $155 billion).
Domestic security includes the state Investigative Committee, the prosecutor’s office, the prison service and the Praetorian Guard (which has also been used against Ukraine).
This spending boost will increase the amount of Russia’s gross domestic product spent on its military from 4.1 percent to 6 percent. This would solidify Russia as the third-largest spender for defense, behind only the United States and China.
Rising army: This development corresponds with a Bible prophecy that Trumpet editor in chief Gerald Flurry has been warning about for decades. Putin is prophesied to lead the largest army the world has ever seen. This increased military spending is further developing the greater war-driven attitude Russia is prophesied to embody.
Learn more: Read our Trends article “Why the Trumpet Watches Russia’s Return to Superpower Status.”