Contents tagged with military expenditures

  • Russia intends to increase military expenditures while reducing healthcare and education spending

    The Russian government has proposed to increase total defense spending in 2017 by 179.6 billion rubles - to 3.05 trillion rubles or $52.4 billion (3.3% of GDP), as indicated in a draft amendment to the budget submitted to the State Duma, reports.

    The increase in expenses will be for the closed part of the military budget. The expenditures in all other areas, including social policy, education, and healthcare, are planned to be reduced by 54 billion rubles ($938.5 million). …