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  HOME | Business & Economy (Click here for more)

Russia Reduces Defense Spending due to Economic Crisis

MOSCOW Russia announced on Tuesday that it will reduce its defensive expenditures as well as national security spending in the next three years due to the current economic crisis.

Ernest Valeev, deputy head of the security and anti-corruption committee of the Duma (lower house), said that the budget allocations for national security and the activities of law enforcement agencies will also experience a small annual cut.

Thus, he said, defense spending this year will represent 2.3 percent of GDP, while in 2017 it will be 2.2 percent, 2 percent in 2018 and 1.9 percent in 2019.

Apparently, there will not be cuts in the salaries of the military, a section that Russian President Vladimir Putin considered untouchable, along with the aerial campaign in Syria.

Rearmament programs will also not be affected, as the head of Kremlin ordered the government last September to prepare a new plan about it until 2025, which will complement the already existing one, whose main objective is to maintain nuclear parity with the United States.

 

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