Война в долг: Россия поставила рекорд по расходам на армию | Экономика, политика и гонка с США

Summary

The video script discusses the financial implications of Russia's war in Ukraine on its national budget and the everyday Russian citizen. It highlights that while funds for the war are not directly taken from citizens' pockets, the effects are felt through increased prices for goods, higher utility bills, and a lack of new infrastructure and equipment in hospitals and schools. The speaker outlines that military spending will consume one-third of Russia's state budget, with significant funds allocated to various military and security structures. The video also touches on the inefficiency of Russia's military-industrial complex, the economic burden of sanctions, and the potential for increased taxes on businesses and individuals if budgetary forecasts are not met. It concludes by emphasizing the detrimental long-term effects on social services and the standard of living for Russian citizens due to the prioritization of military spending over social and economic development.

Takeaways

• 📊 The Russian budget allocates a significant portion to military spending, with plans to spend 36.3 trillion rubles, of which 10.7 trillion is designated for various military expenses.
• 💰 The budget is structured to benefit military and security sectors, with optimistic revenue projections and conservative spending estimates, favoring those who are involved with the budget.
• 🛣️ The increased military spending impacts citizens indirectly through the rising costs of goods, utilities, and public services, effectively making everyone pay for the invasion of a neighboring country.
• 📈 The military budget is expected to grow to around 40% of the total budget this year, up from significantly lower figures before the war began.
• 🏥 The budget for social services like healthcare and education is less prioritized compared to military spending, which is a new development in modern Russian history.
• 📉 The Russian military-industrial complex is inefficient, with a low return on investment, and has been receiving substantial budgetary support that may not be sustainable.
• 💵 The government is relying on borrowing and tapping into the National Wealth Fund to cover the budget deficit and increased spending on the military.
• 🛡️ The economic growth driven by military spending is unsustainable and does not contribute to long-term prosperity or the well-being of the population.
• 🚗 The government is also seeking to boost the economy through measures like favorable auto loans and by collecting taxes and fees from businesses, including a tax on excess profits.
• 📉 The reliance on oil and gas revenues remains a significant factor for the Russian budget, which is vulnerable to fluctuations in global energy prices.
• 👥 Salaries for public sector employees are planned to increase, but the actual increase in real income may be less than the official figures due to inflation.

Q & A

What is the main topic discussed in the transcript?

The main topic discussed in the transcript is the impact of military spending on the Russian economy, the allocation of the Russian budget, and the consequences of these expenditures on the citizens and the country's development.

How does the Russian budget plan to spend the money allocated for military expenses?

The Russian budget plans to spend a significant portion of its funds on military expenses, which includes payments to military personnel, compensations for injuries and casualties, and procurement of military equipment.

What is the percentage of Russia's GDP spent on military in the current year?

The military spending in the current year constitutes 6% of Russia's GDP.

How does the Russian military budget compare to that of the United States?

Russia's military budget is 120 billion dollars, which is half of Russia's entire budget and significantly less than the United States' defense budget of 800 billion dollars.

What are the potential negative outcomes for Russia's economy due to the focus on military spending?

The potential negative outcomes include a lack of investment in social sectors such as healthcare and education, a decrease in the quality of public services, and a possible stagnation or decline in the economy due to the diversion of funds away from productive sectors.

How does the Russian government plan to cover the budget deficit?

The Russian government plans to cover the budget deficit by taking loans, issuing government bonds, and using funds from the National Wealth Fund.

What is the significance of the National Wealth Fund in the context of the Russian budget?

The National Wealth Fund was created to ensure economic stability in Russia, especially during fluctuations in oil and gas prices. It has been used to cover budget deficits and support sanctioned state companies.

How does the Russian military-industrial complex contribute to the economy?

The military-industrial complex, despite its inefficiencies, stimulates demand in the economy, leading to increased wages and overall economic activity. However, it is also a significant consumer of budgetary funds and has low returns on investment.

What are the social implications of the Russian government's prioritization of military spending over social sectors?

The prioritization of military spending over social sectors can lead to a decline in the quality of public services, including healthcare and education, and may result in a decrease in the standard of living for the population.

How does the Russian government's economic policy affect the private sector?

The government's economic policy, which focuses on military spending, can lead to increased tax burdens on the private sector, including one-time payments and export duties, which may affect business operations and investment attractiveness.

What is the role of the Russian oil and gas sector in the country's budget?

The oil and gas sector plays a crucial role in the Russian budget as it is a significant source of income. The budget projections depend on certain prices for oil, and any fluctuations or crises that affect these prices can have a substantial impact on the budget's feasibility.