BoyElroy
01-24-2006, 05:29 PM
Russia & CIS Military Newswire
January 24, 2006 Tuesday 4:24 PM MSK
LENGTH: 182 words
HEADLINE: Russia's defense spending totals $28.6Bln (US) in 2006
DATELINE: MOSCOW Jan 24
Russia's defense spending will amount to 800 billion rubles ($28.6 billion) this year, State Duma Defense Committee Chairman Viktor Zavarzin said at a meeting with senior military officials on Tuesday.
"Of them, 666 billion rubles ($23.81 billion) will be spent as part of the 'Homeland Defense' program, while another 132 billion rubles ($4.72 billion) are envisioned in five other sections of the Defense Ministry's budget," he said.
Defense spending ranks second in the state budget, and only inter- budgetary transfers account for a larger share in budget spending.
"At the moment, regardless of all problems and circumstances, we can surely name the year 2005 and even more so 2006 the year of the beginning of transition from poorly connected reforms to planned army development and mounting of troops," Zavarzin said.
Spending on the army's day-to-day needs is expected to fall to 30% of the overall defense budget, while investment in weapons purchases for the armed forces is expected surge up to 70% of the budget by 2015, he noted. The current ration is 60 and 40 percent, respectively.
January 24, 2006 Tuesday 4:24 PM MSK
LENGTH: 182 words
HEADLINE: Russia's defense spending totals $28.6Bln (US) in 2006
DATELINE: MOSCOW Jan 24
Russia's defense spending will amount to 800 billion rubles ($28.6 billion) this year, State Duma Defense Committee Chairman Viktor Zavarzin said at a meeting with senior military officials on Tuesday.
"Of them, 666 billion rubles ($23.81 billion) will be spent as part of the 'Homeland Defense' program, while another 132 billion rubles ($4.72 billion) are envisioned in five other sections of the Defense Ministry's budget," he said.
Defense spending ranks second in the state budget, and only inter- budgetary transfers account for a larger share in budget spending.
"At the moment, regardless of all problems and circumstances, we can surely name the year 2005 and even more so 2006 the year of the beginning of transition from poorly connected reforms to planned army development and mounting of troops," Zavarzin said.
Spending on the army's day-to-day needs is expected to fall to 30% of the overall defense budget, while investment in weapons purchases for the armed forces is expected surge up to 70% of the budget by 2015, he noted. The current ration is 60 and 40 percent, respectively.