Russia » Economics

Russia to Cut Defence Spending in 2004? - 1 April, 2003

Some 28.5 bln rubles of budget expenditures can be economized through optimization in 2004 (34 rubles equal 1 Euro, and 31 rubles equal 1 U.S. dollar), Russian Deputy Prime Minister and Finance Minister Alexei Kudrin has told journalists. He pointed out that the budget expenditures on national defense can be reduced by 4.3 bln rubles, on agriculture - by 2.7 bln rubles. Spending on education can be cut by 3.5 bln rubles through optimization, expenditures on the news media - by 1,126 bln rubles. Federal budgetary aid to regions can be reduced by 3.4 bln rubles, Kudrin stressed.

According to conclusions by the budget spending optimization commission, budget spending in 2005 can be reduced by 37.5 bln rubles by means of optimization.

Kudrin emphasized that the commission's work outcomes allows to follow "the return on every ruble".

The minister said he would propose to extend the term of commission's activities to carry through the adopted decisions.

Comments
MiG-31 supersonic fighter jet crashes in Central Russia, pilots eject
53 million Russians may lose their jobs within a few years
China wages trade war against US, remains largest investor in US debt
Pussy Riot man Verzilov poisoned in Moscow
On the verge of war: NATO tries to take over former Soviet states
South Korean President finds DPRK people eating sturgeon at fancy restaurants
NATO to strike Russia through Suwalki Corridor
Can Russia oppose coalition forces in the Mediterranean?
Can Russia oppose coalition forces in the Mediterranean?
NATO to strike Russia through Suwalki Corridor
NATO to strike Russia through Suwalki Corridor
NATO to strike Russia through Suwalki Corridor
Syria’s Assad toads to Putin over Il-20 shootdown
Can Russia oppose coalition forces in the Mediterranean?
Can Russia oppose coalition forces in the Mediterranean?
NATO to strike Russia through Suwalki Corridor
NATO to strike Russia through Suwalki Corridor
Russia blames Israel for Syria's move to shoot down Il-20 military aircraft above Mediterranean
Russia and USA fight even in space: Americans damage Soyuz deliberately
NATO to strike Russia through Suwalki Corridor
Earth on the Brink of an Ice Age