COVID-19 is creating substantial uncertainty around the Russian defense budget, with early indications suggesting a severe economic downturn caused by the coronavirus. Budgetary predictions frequently follow GDP projections, currently revised to include the impact of COVID-19. Russia’s defense budget has fluctuated in the past, showing flexibility and resilience when facing economic headwinds to shelter projects and operations. It is challenging to provide a single forecast for the forthcoming years, as the full picture is still unclear. To address these difficulties GlobalData has produced three comparative scenarios up until FY2024: Pre-COVID-19 scenario, GDP Percentage Status Quo scenario, and Austerity scenario.

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