Russia plans record $46.5 billion arms spending in 2009
Reuters reports:
MOSCOW (Reuters) - Russian spending on arms will rise to a record $46.5 billion next year, a senior government official said on Friday, as the Kremlin moves to beef up the armed forces after a conflict in Georgia.
Russian national defence orders will rise to 1.2 trillion roubles ($46.55 billion) in 2009, 70 billion roubles higher than previously planned, Deputy Prime Minister Sergei Ivanov was shown saying on Russian television.
“We have managed to convince the Finance Ministry that the volume of state defence orders in 2009 will be 70 billion higher than previously planned,” Ivanov told Prime Minister Vladimir Putin.
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Corruptions will steal 20 billions out of it. It still well below Japan and UK 60+ billions military budget. Then there is the USA with over 500 billions for the military.
There goes the Russian’s 46.5 billions arms spending for next year. Their stock market crashed and the gas price is in a free fall. Good luck at beating Japan’s 60+ and almost 600 billions US military budget.
http://www.ft.com/cms/s/0/6ff9306c-83f1-11dd-bf00-000077b07658.html