Logo
  Wednesday, April 8, 2020
Sign-In  |  Sign-Up  |  Contact Us  |  Bookmark 

Russia's defense bill will hit 300 billion rubles in 2007 for Defense Ministry needs alone
Russia's defense bill will hit 300 billion rubles ($11.2 billion) in 2007 for Defense Ministry needs alone, the defense minister said Thursday. "Government spending on defense steadily grows year in and year out, on average by 20%, but 2007 will see a 29% rise, year-on-year, to 300 billion rubles, not to mention spending on the needs of the Interior Ministry, the Federal Security Service and other law enforcement agencies," Sergei Ivanov told a government defense commission. He said the implementation of the state defense program until 2015 has started, which he said requires more than half of the funds earmarked from the budget for defense. The program, which was approved by the government's defense industry commission in June, envisions a comprehensive army and navy overhaul and is a priority budget item. "The defense industry will take extra measures to secure the efficient spending of funds and ensure proper technical equipment of the Armed Forces," said Ivanov, who is also a deputy prime minister. He said that given stable budget spending, issues such as planning weapons development and managing the drafting and implementation of defense procurements were coming to the fore. The minister also highlighted the coordination between the military and federal government bodies on defense procurements.
Print Russia's defense bill will hit 300 billion rubles in 2007 for Defense Ministry needs alone Bookmark Russia's defense bill will hit 300 billion rubles in 2007 for Defense Ministry needs alone

Related News   
JulAugust 2006Sep
MoTuWeThFrSaSu
31123456
78910111213
14151617181920
21222324252627
28293031123
45678910