Russia's Budget Spending Surges 14.5% in First Nine Months, March-April Peak

Russia's federal budget spending rose 14.5% year-on-year in the first nine months, with peak outlays of ~4.7 trillion rubles in March and April. The increase signals sustained fiscal expansion, likely driven by defense and social commitments, though composition remains undisclosed. This suggests continued inflationary pressure and fiscal strain, with implications for Russia's economic stability and war financing.