Russia: Regime cuts military budget by 25%


“Russian Federal Treasury released figures have confirmed that the nation’s defense budget has been cut by 25.5% for 2017, falling from RUB3.8 trillion (USD65.4 billion) to RUB2.8 trillion. The reduction is drastic cut in military expenditure of the country since the early 1990s. The reduction move follows an extended period of increases to Russian defence spending with growth having achieved an average rate of 19.8% a year since 2011 in nominal terms.” (03/17/17)