Project budget: defense spending in Russia in 2016 will amount to 4% of GDP

Project budget: defense spending in Russia in 2016 will amount to 4% of GDP


In the draft Federal budget for 2016, which the government submitted for consideration in the state Duma, provides for the spending on national defense in the amount of 3,145 trillion rubles.

MOSCOW, 24 Oct. Federal budget spending in 2016, the national defense will grow by 0.8% compared to 2015 and provided for in the amount of 3,145 trillion rubles, or 4% of GDP, according to the draft Federal budget for 2016, which the government submitted for consideration in the state Duma.

Expenditures on social policy in accordance with the project budget increase by 6.4% in 2016, and will amount to 4.45 trillion rubles, or 5.7% of GDP.

Including pension expenditures projected at $ 3,07 trillion rubles, which is 7.7% higher than in 2015.