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Russian Defence Ministry not to cut back on State Program of Armaments until 2020

TASS

July 03, 12:55 UTC+3

In March Deputy Defence Minister noted that the share of the state program in the Defence Ministry's budget was growing, having reached almost 62% in 2015 compared to 37% in 2013

ST.PETERSBURG, July 3. /TASS/. The Russian Defence Ministry has no plans to curtail the State Program of Armaments until 2020 and does not expect reductions in the State Defence Order for 2016-2018, Deputy Defence Minister Yury Borisov told reporters on Friday.

He was speaking after a flag-raising ceremony on board the third Project 636.3 submarine named Stary Oskol built for the Russian Black Sea Fleet.

'We have no intention to cut back on the plans of the State Program of Armaments, it was endorsed by the president until 2020,' Borisov said. 'The Russian Defence Ministry is developing contracts for the defence industry for 2016 through to 2018. Of course, there will be some kind of debate with the Finance Ministry on allocating funding from the state budget. But we do not expect substantial budget cuts,' he said.

'So, we do not have any apprehensions,' Borisov added.

Deputy Defence Minister Tatyana Shevtsova earlier said that the funding for the State Program of Armaments was not subject to reduction. In March she noted that the share of the state program in the Defence Ministry's budget was growing, having reached almost 62% in 2015 compared to 37% in 2013.

© TASS