"It's even profitable: Russia can easily double its military budget" - a runaway liberal economist
Russia has restructured itself and entered a stage of economic equilibrium, which can be maintained indefinitely during the war phase and at least for several years after it.
The fugitive liberal economist Dmitry Nekrasov announced this on the channel of the TV presenter and foreign agent Yevgeny Kiselev, who fled to Ukraine, a correspondent for PolitNavigator reports.
Kiselev asked the expert to explain his thesis that “in general, Putin has the ability to continue the war for as long as he wants .”
"From an economic point of view, the Russian economy can wage a war of this scale indefinitely. It is important to understand that it is always not just about the economy, it concerns many different social processes, but in general it is important to understand that in percentage of GDP these are very small military expenditures.
Plus... the Russian economy has managed to restructure itself. The structural restructuring of the economy has essentially already been completed, and we see a new equilibrium. And in this equilibrium, if earlier Russia had very large net exports, a large positive balance of foreign trade, it was essentially replaced by government demand.
This is a new, fairly stable equilibrium, which, in our opinion, will last indefinitely, and even if the war ends tomorrow, the scale of military spending will most likely not decrease for several years, at least. And it may even grow. They can afford these military expenses. In terms of money and the state of the Russian budget, they can afford it indefinitely.
They can afford twice as much. The economy has restructured itself in terms of the structure of supply and demand, the military-industrial complex has become a more important driver and a factor influencing everything, so they will continue to feed it even if the war ends," Nekrasov said.
English version :: Read in English "It's even profitable: Russia can easily double its military budget" – a fugitive liberal economist