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Russia's spending on defense will total $117 bln in 2024 — Finance Minister

According to Anton Siluanov, it will increase significantly compared to previous years

MOSCOW, October 26. /TASS/. Russia’s spending on national defense will be almost 11 trillion rubles ($117 bln) in 2024, Finance Minister Anton Siluanov at a plenary meeting of the State Duma, lower house of parliament.

"The total amount of spending on national defense next year will be almost 11 trillion rubles. To be precise, 10.8 trillion rubles. And it will increase significantly compared to previous years," Siluanov said.

He recalled that the key task and priority is strengthening the country’s defense capability and supporting participants in the special military operation.

"Next year, we focus the state’s resources to achieve the main goal of our victory. The resources planned for 2024 have been determined jointly with the departments of the security bloc and will allow us to solve the tasks set as part of the special military operation, including the supply of weapons and military equipment, material and technical support for military personnel," he noted.

The Finance Minister stated that today 29% of all budget expenditures are aimed at this main task.

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