Bloomberg: Russia to boost military spending by 27% in 2025
Russia's 2025 draft budget reveals a continued shift towards a war economy, with defense spending set to reach 6.2% of GDP, according to documents reviewed by Bloomberg.
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IMF delivers $880 million tranche to Ukraine for macroeconomic stability amid war
Ukraine receives an $880 million tranche from IMF under the Extended Fund Facility Arrangement, aiding budget expenditures and macro-financial stability amid the ongoing Russo-Ukrainian war.
Budget committee: Ukraine counts on financial aid from EU, US but prepares for delay
Roksolana Pidlasa, MP and head of the budget committee of the Ukrainian Parliament, said the country counts on financial aid from partner countries but is already preparing for the challenging first quarter of 2024 due to delays.
US approves record $ 886 bn defense budget, Ukraine aid considered separately
It's the US's largest military budget in history, in which Ukraine would receive $300 million for its battle against invading Russian forces.
ISW: Putin signs off on Russia’s biggest budget yet
The 2024 budget contains Russia’s largest-ever allocation to defense and law enforcement, reaching 39% of all spending.
Ukraine’s budget allocates over $2 billion for arms production in 2024
The 2024 state budget of Ukraine provides $1,2 billion for the production of unmanned aerial vehicles and another $1,2 billion for the production of ammunition and weapons.
Ukraine to spend half of 2024 budget on defense, prime minister claims
Ukraine’s parliament has approved a state budget for 2024 with half of all state spending to go on…