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Reuters
Reuters
Business
By Darya Korsunskaya

Analysis-Surge in Russia's defence and security spending means cuts for schools and hospitals in 2023

FILE PHOTO: Russian service members are seen atop of an armoured vehicle during a military parade on Victory Day, which marks the 77th anniversary of the victory over Nazi Germany in World War Two, in Red Square in central Moscow, Russia May 9, 2022. REUTERS/Evgenia Novozhenina/File Photo/File Photo

Russia plans to spend nearly a third of next year's budget on defence and domestic security while slashing funding for schools, hospitals and roads as it diverts cash to support its military campaign in Ukraine.

A Reuters budget analysis shows Moscow will spend a combined 9.4 trillion roubles ($155 billion) on defence and security, squeezing out other priorities in a critical year leading up to a likely re-election bid by President Vladimir Putin in 2024.

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