What is Russia’s planned increase in defense spending for 2024?

A. 30%
B. 50%
C. 70%
D. 90%


Correct Answer: C. 70%

Detail about MCQs

Russia plans to increase its military budget by 70% in 2024. The nearly 70% increase is staggering. In 2023, defense spending on a war budget was €63 billion – or 3.9% of Russia’s GDP. In 2021, military spending was equivalent to 2.7% of GDP.Meanwhile the United States defense budget for 2024 is expected to stand at $842 billion, up 3.2% year-on-year

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