Russia cuts education and healthcare budget as war spending hits new high
Source: Times of India
Category: Politics
Region: Russia
Published: October 04, 2026 at 06:21
π Summary
Russia's financial burden is not limited to military spending. The government is also spending more on servicing its debt as high interest rates increase borrowing costs. Debt-servicing costs in 2027 are expected to be 21.6% higher than originally planned. They are projected to account for 9.4% of total government spending next year and could rise further to 10.6% by 2029.