×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

No Cuts in Military Spending for 2017-2019

Andrei Makhonin / Vedomosti

Russian Finance Minister Anton Siluanov announced that there will be no military spending cuts in the state budget for 2017-2019.

"Spending on defense remains a priority; despite the difficulties, the volume of purchased arms and military equipment will not be reduced," Siluanov said, speaking at a plenary session of the State Duma. 

According to the TASS news agency, the budget allocation for military spending was earlier reported to be 2.8 trillion rubles ($43 billion) in 2017, 2.7 trillion in 2018, and 2.8 trillion in 2019. National defense spending as part of GDP was 4.7 percent in 2016. It is expected to be 3.3 percent in 2017, 3 percent in 2018, and 2.8 percent in 2019. 

Defense spending will account for 17.5 percent of the whole national budget in 2017 and 17.6 percent in 2019. 

The current budget is expected to leave a deficit of 3.2 percent of GDP next year. This is to be paid for by taking 1.15 trillion rubles ($17 billion) out of the Reserve Fund and the National Wealth Fund. At the current rate, the Reserve Fund is expected to be empty by the end of 2017. 

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more