23/10/2014 20:34
RIA Novosti

Military & Intelligence

Russia to Boost Defense Spending 59% by 2015

Russia plans to boost annual defense spending in 2015, the head of the State Duma’s Defense Committee said
11:26 17/10/2012
MOSCOW, October 17 (RIA Novosti)
Tags: GDP, State Duma

Russia plans to boost annual defense spending by 59 percent to almost 3 trillion rubles ($97 billion) in 2015, up from $61 billion in 2012, the head of the State Duma’s Defense Committee told RIA Novosti on Wednesday.

“Targeted national defense spending as a percentage of GDP will amount to 3.2 percent in 2013, 3.4 percent in 2014 and 3.7 percent in 2015,” Defense Committee chairman Vladimir Komoedov is quoted as saying in the committee’s conclusion on the draft budget for 2013-2015.

The draft budget will come up for a first reading in the Duma on Friday.

The spending proposals provide financing to “re-equip units with new weapon systems, military and specialty equipment and provide housing and social safeguards for service members” among other issues, Komoedov said.

 

  • Add to blog
  • Send to friend
  • Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:

Preview:

RIA NovostiRussia plans to boost annual defense spending in 2015, the head of the State Duma’s Defense Committee saidRussia to Boost Defense Spending 59% by 2015

11:26 17/10/2012 Russia plans to boost annual defense spending by 59 percent to almost 3 trillion rubles ($97 billion) in 2015, up from $61 billion in 2012, the head of the State Duma’s Defense Committee told RIA Novosti on Wednesday.>>

Send by e-mail

All fields are required!




Leave a comment
  • RizaAfghanLOL
    11:51, 17/10/2012
    Maybe spend some of those useless $ on poor Russian citizens and create jobs ?

    Never thought of that ?
    • gunshipdemocracyyesh, R&D and highly paid manufacturing jobs
      17:29, 17/10/2012
      bad in Russia, interestingly in USA or UK they are main industries creating workplaces ha ha ha
    • gunshipdemocracyGood move !
      17:28, 17/10/2012
      if you do not feed your then you will feed thugh from NATO like in Libya.

    Рейтинг@Mail.ru
    © 2014  RIA Novosti
    Some material may be inappropriate for those under 18