Currency converter
^
News Feed
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

Russia to cut aircraft industry spending by 2% in 2016-2017

December 16, 2014, 15:28 UTC+3 MOSCOW
Spending will be cut for projects which have not been initiated so far, including the development of several models of helicopters and planes for regional flights
1 pages in this article
© ITAR-TASS/Sergei Smolsky

MOSCOW, December 16. /TASS/. The Russian Industry and Trade Ministry has reduced budget spending program for 2016 and 2017 by 2%, according to documents published on the government’s information disclosure Web site on Tuesday.

The overall 2015-2017 investment program was reduced to $2.7billion from $2.8 billion.

Spending will be cut for projects which have not been initiated so far, including the development of several models of helicopters and planes for regional flights, the ministry said.

On Monday, business daily Vedomosti reported citing its sources that in 2015 the government will cut budget spending by 10%.

Show more
In other media
Реклама
Реклама