Military and financial policy
Published Papers from Gaidar Institute for Economic Policy
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%) 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
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://iep.ru/files/RePEc/gai/ppaper/ppaper-2017-293.pdf Revised version, 2017 (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:gai:ppaper:ppaper-2017-293
Access Statistics for this paper
More papers in Published Papers from Gaidar Institute for Economic Policy Contact information at EDIRC.
Bibliographic data for series maintained by Victor Hugues ().