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Russia's draft budget raises defense spending while hiding revenue base

Original: Ukraine Brief — 2026-09-29 Russia's war economy is escalating commitments while deliberately obscuring the revenue base

Russia is escalating its war economy commitments while deliberately obscuring the revenue base that sustains them, according to a Ukraine brief dated September 29, 2026. The draft 2027-2029 budget, due before the Duma by October 5, is expected to list defense spending above 16 trillion rubles, with deficits also projected to grow as the war continues.

Why now: The draft Russian budget due October 5 will reveal record defense spending amid an ongoing war strained by sanctions.

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