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Military and financial policy

Vasily Zatsepin

Published Papers from Gaidar Institute for Economic Policy

Abstract: In administrating the 2016 federal budget, a single adjustment was made in November. Under the Law on the 2016 Federal Budget, allocations on the “National Defense” section of the budget expenditures were initially set at RUB 3,149 trillion, or RUB 32bn (1%) less than actual expenditures a year before. In November, allocations on the National Defense grew to RUB 3,895 trillion (an increase of RUB 746bn or 23.5%)[1] due to the government’s decision to repay ahead of schedule a portion of commercial loans taken against state guarantees for financing the state defense order in 2011–2016. Compared to 2015, allocations on the National Defense grew by 22.4% in nominal terms .

Keywords: Russian economy; military-industrial complex; defense spending (search for similar items in EconPapers)
JEL-codes: D74 F52 H56 F51 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2017, Revised 2017
New Economics Papers: this item is included in nep-cis
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https://iep.ru/files/RePEc/gai/ppaper/ppaper-2017-293.pdf Revised version, 2017 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:gai:ppaper:ppaper-2017-293

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