Lavrov says astonished to watch mass hysteria among US politiciansRussian Politics & Diplomacy July 25, 1:35
Lavrov comments on Syrian de-escalation zone agreementRussian Politics & Diplomacy July 24, 20:15
Iraq calls for closer cooperation with RussiaWorld July 24, 19:09
Russia develops laser-guided automatic landing system for dronesMilitary & Defense July 24, 18:22
Communist propaganda ban not aiming to dismantle Soviet WWII memorials, vows Polish envoyWorld July 24, 18:16
Situation with Siemens won’t affect Russian companies — energy ministerBusiness & Economy July 24, 18:11
Russian energy minister says oil prices may grow in 2017Business & Economy July 24, 17:31
Putin fills in Normandy Four on Russia’s approaches to key Minsk accord provisionsRussian Politics & Diplomacy July 24, 16:57
Normandy Four leaders call for ceasefire in DonbassWorld July 24, 16:29
MOSCOW, July 15. /TASS/. Russian Prime Minister Dmitry Medvedev will hold a meeting on defense budget spending in 2016 and 2017-2018 on Wednesday.
The governmental press service said that among participants in the meeting will be First Deputy Prime Minister Igor Shuvalov, Deputy Prime Minister Dmitry Rogozin, presidential aide Andrey Belousov, Defense Minister Sergey Shoigu, Industry and Trade Minister Denis Manturov, Finance Minister Anton Siluanov, Federal Space Agency head Igor Komarov, Rosatom head Sergey Kiriyenko and representatives of other ministries and departments.
Russian President Vladimir Putin approved on Monday amendments to law on federal budget in 2015 and planned budget in 2016-2017.
On July 10, the Finance Ministry released a report proposing to optimize defense spending, saying it should not exacerbate conditions for economic growth and fulfilling other countyr’s priorities. "Taking into account the uneasy geopolitical situation, it is necessary to find the level of spending that, on the one hand, will not exacerbate conditions for economic growth and other country’s priorities, and, on the other hand, will allow to effectively solve the issue of strengthening the country’s defense capabilities," the report said.
Defense spending in Russia is more than average figures among OECD (Organization for Economic Cooperation and Development) and BRICS (Brazil, Russia, India, China, South Africa) countries. Russia spends around 4% of its GDP on defense, while other BRICS and OECD countries - around 1-2%.