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News 2026-09-24 09:30 UTC

UPDATE 1 — Russia plans array of tax hikes in 2027 — 29 to fund military spending

(Adds details, quote, changes sourcing) MOSCOW, Sept 24 (Reuters) — The Russian government projected a budget deficit equal to 2% of the gross domestic product for the next three years and proposed an array of tax hikes to sustain the military expenditure, the Finance Ministry's materials showed on Thursday. The Financ

News 2026-09-24 09:27 UTC

Russia plans array of tax hikes in 2027-29 to fund military spending

The Russian government projected a budget deficit equal to 2% of the gross domestic product for the next three years and proposed an array of tax hikes to sustain the military expenditure, the Finance Ministry's materials showed on Thursday.The Finance Ministry said it had submitted the draft budge…