Russia’s National Defense Spending to Diminish By $15.7 Bln In 2017
(Source: TASS-Defense; published Nov. 02, 2016)
MOSCOW --- The budgetary spending on national defense in 2017 will drop by 1 trillion rubles ($15.7 billion), or 27.1% compared to this year, to 2.836 trillion rubles ($44.7 billion).

The years 2018 and 2019 will see the financing of national defense to hover at about the same level as in 2017. This stems from the explanatory note attached to the 2017-2019 budget draft, published by the State Duma on its website.

This year, 3,888,982,500,000 rubles ($61 billion), or 23.7% of the federal budget, have been set aside for defense purposes.

"The budgetary allocations for national defense will stand at 2,835,792,100,000 rubles in 2017, 2,728,307,500,000 rubles [$43 billion] in 2018 and 2,816,027,500,000 rubles [$44 billion] in 2019. Relative to the GDP in the corresponding years, the defense spending will account for 4.7% in 2016, 3.3% in 2017, 3% in 2018 and 2.8% in 2019," the explanatory note says.

It notes that the defense allocations will equal 17.5% of the overall federal budget in 2018, 17% in 2018 and 17.6% in 2019. -

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