On Tuesday Russia presented its 2015-2017 budget. It is a rather austere affair, with one noticeable exception: defence spending. Overall, the assumptions behind Finance Minister Anton Siluanovs numbers seem odd when compared to World Bank projections
On Tuesday Russia presented its 2015-2017 budget. It is a rather austere affair, with one noticeable exception: defence, earmarked with a 20% rise as part of a long-term plan to modernise the countrys military. According to some estimates, defence spending will increase by 85% between 2012 and 2017.
Finance Minister Anton Siluanovs numbers have some odd assumptions.