Putin says Russian military budget will be reduced in 2018


Russian President Vladimir Putin said that in 2018 defense spending will be reduced. However, he noted that it will not affect the plans for the re-equipment of the army and navy.

“I want to remind you that a significant budget saving for the next year is envisaged, in particular, by the reduction of the defense spending. It doesn’t mean we will reduce our plans for the re-equipment of the army and navy. We will carry on with the state defense orders, and will create a new program,” Putin said at a working meeting with the head of the United Russia parliamentary faction, Vladimir Vasilyev.

He stressed that it would be necessary to carefully consider the issues that arise during the preparation of the country’s main financial document in the State Duma (the lower chamber of the Russian parliament – RRT).

“It concerns defense, security, it concerns the economy, supporting the economy, the social sphere, health care, the level of wages, citizens’ incomes, especially in the budgetary sphere. I ask you to pay attention to this,” Putin added.

Earlier it was reported that the House of Representatives of the U.S. Congress approved an increase in the U.S. military budget.

Source: Gazeta.Ru