The Russian government plans to
increase taxes to have the money for war in Ukraine.
For the year 2024, Russian government has planned to spend 10.8 trillion rubles ($111 billion) on "national defense," which is 70% more than the current year and almost triple the amount spent prior to the invasion of Ukraine. These unprecedented military expenditures, consuming nearly a third of the budget, are expected to be covered by a sharp increase in tax revenue, with projected income for the next year reaching 35 trillion rubles ($374 billion), up from the current 28.7 trillion ($306 billion).
The government aims to rely on a weak ruble (setting the exchange rate at 90 rubles per dollar) and high oil prices to support the budget. Still, the Ministry of Finance may fall short by about 1 trillion rubles ($10 billion). In response to this financial shortfall, authorities might resort to a constant increase in basic taxes, such as VAT, which was already raised from 18% to 20% in 2018.
Anton Siluanov, head of Russian finance ministry, stated in October while addressing the State Duma that they might consider tax increases, including personal income tax, in the next budget cycle.
https://twitter.com/VidasL/status/1716794829818978372