US EditionRussia's economy is creaking — and the Kremlin wants Russians to pay more for the war
Russia plans to increase VAT and introduce a new gambling tax to fund defense amid forecasts of 1.3% economic growth and a 1.6% GDP budget deficit in 2026.
6 Articles
6 Articles
The Russian Government has made a budget package to the State: amendments to the current year's law, detailed income and expenditure plans for the next three-year-old and all accompanying documents. There are no big surprises: the authorities will try to survive 2026 without increasing spending on the treasury, but the biggest item — defence spending — has even been reduced for the first time since the war began. Alas, this is not a sign of a ra…
MOSCOW. Russia's government wants to finance its annual budget of 2026, which again accounts for just under 40 per cent of military expenditure, on the one hand, by increasing energy and alcohol prices, on the other hand, mainly by means of an annual VAT.
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