- Sputnik International
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Russian Defense Budget to Be Cut by 5%, Not 10%

© Sputnik / Natalia Seliverstova / Go to the mediabankRussian Defense Ministry
Russian Defense Ministry - Sputnik International
Russian Ministry of Defense budget will be reduced not by 10, but by 5 percent, according to Deputy Defense Minister Tatiana Shevtsova.

MOSCOW (Sputnik) – The Russian Defense Ministry’s budget cuts will amount to 5 percent instead of the previously reported 10 percent and will not affect the state armament and social programs, Deputy Defense Minister Tatiana Shevtsova said on Saturday.

"The country’s leadership, the president, decided that the state armaments program is entirely not subject to sequestration. It was also decided that the Ministry of Defense budget will be reduced not by 10, but by 5 percent," Shevtsova told radio station Russian News Service.

Troops in Russia's Eastern Military District have been moved to the highest state of combat readiness as surprise drills began in the region, the Russian Defense Ministry said Friday. - Sputnik International
Russia to Cut 2016 Military Spending By 5%
She added that the ministry’s social obligations toward Russian servicemen and women were also exempt from the budget cuts.

The 2016 military spending in the country was expected to amount to 3.14 trillion rubles ($43.6 billion at the current exchange rate) or 4 percent of GDP.

A 5-percent cut amounts to some 160 billion rubles.

In 2015, the Russian military budget was reduced by nearly 4 percent.

To participate in the discussion
log in or register
Заголовок открываемого материала