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Half of Russian Defense Ministry's expenditures in 2015 to be used on armament program

January 23, 2015, 16:45 UTC+3 ST. PETERSBURG
Expenses on the defense industry will not be cut regardless the current economic situation, deputy chairman of the Military Industrial Commission board Oleg Bochkarev said earlier
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© Alexander Ryumin/TASS

ST. PETERSBURG, January 23. /TASS/. Russian Defense Ministry will have more than half of its spending in 2015 to fund a state-financed armament program, Deputy Defense Minister Tatiana Shevtsova said at a lecture delivered for students of St. Petersburg State Economic University on Friday.

“This year the Defense Ministry will channel more than half of all expenditures to fund the state armament program,” Shevtsova said.

Expenses on the defense industry will not be cut regardless the current economic situation, deputy chairman of the Military Industrial Commission board Oleg Bochkarev said earlier. The state defense order will grow by more than 20% year on year in 2015 and by more than 40% in 2017, he said.

Infographics Russia’s state defense order in 2015 Russia’s state defense order in 2015

The Russian Defense Ministry is set to continue the rearmament program in the armed forces this year. Infographics by TASS

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