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this post was submitted on 17 Aug 2023
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I haven't seen those, but deficit in Russia is around 2% of the GDP, and economy growth this year is projected at 4.9%. So, clearly whatever the war spending is, it's not affecting Russian economy the same way US war spending is affecting the economy where deficit is now astronomical and GDP growth is around only 2.4%.
That I knew about. I was just wondering how efficient the war effort is, considering that the narrative liberals have been spewing is that the war has been 'disastrous' for Russia. Seems like they are doing much better while spending less, what with their defense line, which seems much more sustainable in a war of attrition.
But what do I know.
I agree with that, it seems that Russian economy is in a much better state than US or Europe at the moment. I think big part of the reason is that Russia inherited state owned military industrial complex from USSR and most of it is still publicly owned. So, weapons production in Russia is much cheaper than in the west because you don't have to go through private sector for anything essential.