On December 5, 2022, the head of the Kremlin Vladimir Putin signed the law on the federal budget of Russia. The draft budget notes that more than nine trillion rubles ($143 billion) will be allocated for defense, security and law enforcement in 2023.. This is reported by the British Ministry of Defense.

It is noted that this is a significant increase compared to previous years and will amount to more than 30 percent of the entire budget of Russia..

Putin's approved budget is likely too optimistic in its expectations for revenue and spending in 2023, British intelligence analysts say. Therefore, other parts of the Russian budget are likely to come under increasing pressure to support war spending..

Latest Defense Intelligence update on the situation in Ukraine - 11 December 2022Find out more about the UK government's response: https://t. co/GQkyvi03uo? #StandWithUkraine? pic. twitter. com/rcawU7e3qT.

— Ministry of Defense? (@DefenceHQ) December 11, 2022.

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Earlier it was reported that the deficit of the federal budget of Russia by the end of the current year will exceed the initial forecasts by more than twice.. The budget suffered, first of all, from the collapse in prices for Russian oil, which almost doubled in price against the backdrop of the EU embargo. Regarding forecasts for the next year, the Ministry of Finance of the Russian Federation expects a drop in oil and gas revenues by 23%. Although at the same time, according to officials, the government does not plan to cut spending.