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  Monday, December 9, 2019
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Russia’s defence expenditures in 2007 will reach 800 billion roubles
Russia’s defence expenditures in 2007 will reach 800 billion roubles, Deputy Prime Minister and Defence Minister Sergei Ivanov said. For the first time Russia will adopt a federal defence funding programme, he told journalists on Wednesday. “For the first time our country will adopt a targeted programme for financing military construction so that civil society could see qualitative changes in the defence sector,” the minister said. “Main attention will be paid to qualitative parameters in the development of armaments and military hardware. We believe that the defence budget will be 20 percent of GDP,” Ivanov said.
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