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Financing of Russian uniformed agencies to increase by $810 mln in 2016

November 03, 2015, 17:00 UTC+3 MOSCOW

Overall, the spending planned for security and law enforcement in Russia equals 2.024 trillion rubles ($31.8 billion)

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© Valeriy Sharifulin/TASS

MOSCOW, November 3. /TASS/. The financing of Russia’s uniformed agencies will grow by 26 billion rubles ($410 million), according to a draft resolution the State Duma Security and Anticorruption Committee has issued in response to the 2016 draft budget. The committee is reviewing the main financial document of the nation, with the interested governmental bodies taking part in the process.

Overall, the spending planned for security and law enforcement equals 2.024 trillion rubles ($31.8 billion).

A draft federal budget was published in the state Duma’s electronic database on October 24. Under the draft, the 2016 defense spending was set at 3,145.090 billion rubles ($49.5 billion), i.e. there is a 25.5-billion-ruble ($400-million) increase over 2015.

At the same time, the financing of the Public Order and Anti-Crime Program was set by the draft budget at about 816 billion rubles ($12.8 billion) — an approximately 15-billion-ruble (about 2%) reduction compared with 2015.

Relative to the GDP, the defense spending alone is 4% in 2016. Its share of the overall federal budget will diminish to 19.6% compared with 2015 (20.2%).

Russia’s federal budget income in 2016 is planned to be 13.577 trillion rubles ($213 billion) and expenditures — 15.761 trillion rubles ($248 billion), according to the draft law worked out by the Finance Ministry and published on the Federal Website for Draft Laws and Regulations.

The budget includes the estimated GDP standing at 78.673 trillion rubles ($1.24 trillion) and an inflation rate within 6.4%.

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