Sergei Ivanov, who is also a deputy prime minister, said 300.4 billion rubles ($11.28 billion) will be allocated to the Defense Ministry as part of defense orders in 2007.
He said more than 40% of the sum will be used to finance the president's weapons program for 2007-2015.
Ivanov said last week Russia will buy 17 intercontinental ballistic missiles in 2007.
President Vladimir Putin said earlier that Russia's armed forces must maintain a strategic balance to guarantee their ability to neutralize any potential aggressor.
"Maintaining a strategic balance will mean that our strategic deterrent forces should be able to guarantee the neutralization of any potential aggressor, no matter what modern weapons systems he possesses," Putin told top military officials.
He said Russia has sufficient, though not unlimited, funds to maintain a modern nuclear deterrent, as well as general-purpose forces, without which the country will not be able to cope with local conflicts effectively.
He called for the creation of cutting-edge strategic weapons, emphasizing their quality.
"We must meet schedules to create new strategic weapons to secure a balance of forces in the world. This means that we will not indulge in comparing the quantitative data of our strategic nuclear deterrent forces as we used to do earlier, although it is not senseless," Putin said.
As of January 1, Russia possessed 927 nuclear delivery vehicles and 4,279 nuclear warheads for strategic offensive weapons, Nikolai Artyukhin, head of the Defense Ministry's department for order compliance control, said earlier.
Over $11 billion will be allocated from the federal budget for the acquisition of modern equipment for the armed forces in 2007.
