In total, over three years, Putin will pay the treasury an amount comparable to the annual budget of a typical Russian region.
The maintenance of Russian President Vladimir Putin for the next three years will cost Russian taxpayers 74.7 billion rubles. The Russian government included this amount for the “functioning” of the head of state in the draft federal budget for 2024-26, which was submitted to the State Duma. Local media reported this on Friday, September 29.
From the explanatory note to the document, posted on the basis of the lower house of parliament, it follows that compared to the previous 3-year budget, spending on Putin will increase by 20%, or 12.79 billion rubles.
In 2024, the budget will allocate 24.64 billion rubles for “the functioning of the president and his administration”, in 2025 – 24.65 billion, in 2026 – 25.74 billion.
Costs will increase by 4.66 billion rubles in 2024 (+23%), by 4.055 billion in 2025 (+19%) and by 4.087 billion in 2026 (+19%).
As the media writes, every year the budget will spend 26% more on maintaining the President of the Russian Federation than on the federal project “Development of large-scale scientific and scientific-technological projects” (18.9 billion rubles); twice as much as the development of human resources in the IT industry (12.6 billion rubles); almost five times higher than the federal project for the development of artificial intelligence (5.2 billion rubles) and 20 times more than the federal project to provide medicine to qualified personnel (1.2 billion rubles)
It is known that the increase in the expenses of the president will be a record in all branches of government.
Let’s recall that Russia has significantly increased its planned defense spending for 2023, doubling it to more than $100 billion. This represented a third of total government spending during this period.
In addition, according to media reports, since the beginning of 2023, the secret expenditures of the Russian budget have reached 3 trillion rubles ($37.5 billion). So, they reach about 26%.
Russia plans to double war spending by 2024 – media
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.