Military spending of expansionist Russia in 2016 will amount to some $35 billion - just 7% of that of the peace-loving United States
- Note: due to ruble devaluation Russian military budget expressed in dollars is just half of what it was in recent years
MOSCOW, October 30 (TASS) - A total of 2.233 trillion rubles ($34.8 billion) is planned to be allocated from the budget for the Russian Armed Forces in 2016, according to a report from the Defense Committee of the State Duma published on Friday.
The announced sum is lower by 176.674 million rubles ($2.8 million) against the one allocated for the same purposes this year.
The report also said that a total of 3.145 trillion rubles ($49 billion) was planned to be allocated on the "national defense" next year.
Russia to spend over $750 mln on nuclear weapons in 2016
The federal budget spending on nuclear weapons will grow by almost 4 billion rubles ($62 million) in 2016 as part of national defense expenditures.
According to the document, the funding set aside in accordance with the budget item is more than 44.5 billion rubles ($693 million) in 2015, while over 48.3 billion rubles ($754 million) has been earmarked for 2016.