Russia cuts education and healthcare budget as war spending hits new high

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.