The Largest Security-Cleared Career Network for Defense and Intelligence Jobs - JOIN NOW

Weapons of Mass Destruction (WMD)

Finance Ministry proposes to cut military spending in Russia's 2016 budget

TASS

June 25, 15:29 UTC+3

That means a reduction of ineffective spending on state programs, Finance Minister Anton Siluanov said

MOSCOW, June 25. /TASS/. The military spending in Russia's budget for 2016 will be cut but by less than 10%, Finance Minister Anton Siluanov told reporters on Thursday.

'It will be less (than by 10% which is foreseen for other sectors)', he said.

The Minister added that his ministry proposes to reduce the military spending taking into account the decisions of 2015 and making them valid also in 2016-2018.

'That means a reduction of ineffective spending on state programs. As for military spending the percentage of optimization of this program was lower this year but the sum that we managed to cut we also want to extract from the spending in the coming years,' Siluanov said.

TASS



NEWSLETTER
Join the GlobalSecurity.org mailing list