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Russian Defence Budget Set To Drop By 12%

Discussion in 'Europe & Russia' started by Anees, Oct 26, 2016.

  1. Anees

    Anees Mod Staff Member MODERATOR

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    Russian defence expenditure is set to fall by RUB371 billion (USD6 billion) by 2018 under new spending plans announced by the government. Total spending will fall from RUB3.1 trillion in 2016 to RUB2.728 trillion in 2018, a reduction of 12.0% in nominal terms.

    The new spending plans were outlined in "The basic directions of budgetary policy for 2017 and the planning period of 2018 and 2019", published by the Russian Ministry of Finance (MoF) in October 2016. Based on current projections the expenditure on 'National Defence' will fall by 8.5% in 2017 to RUB2.836 trillion, and a further 3.8% to RUB2.728 trillion in 2017.

    http://www.janes.com/article/64911/russian-defence-budget-set-to-drop-by-12
     
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  2. Skull and Bones

    Skull and Bones Doctor Death Staff Member MODERATOR

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    This was long due, they cannot sustain that huge military with a falling economy.
     
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