15 June 2004 20:46
Finance Ministry suggests raising budget spending on defense,
economy
MOSCOW. June 15 (Interfax) - Spending on defense, security and law enforcement will constitute about 31% of overall
federal budget spending in 2005, according to Finance Ministry documents submitted to the Cabinet together with key
indices of the 2005 federal budget.
Some 30% will be redirected to territorial and local coffers.
Defense spending is expected to jump 19.2% compared to this year to 519.5 billion rubles, which amounts to 17.8% of
overall spending, national security and law enforcement spending 18.9% to 388.3 billion rubles (13.3%) respectively.
Spending on the national economy should soar 22.1% to 201.9 billion rubles (6.9%).
Following the transfer of education funding to the territories federal spending on education will be cut 16.4% to
101.4 billion rubles (3.5% of total spending). Meanwhile, spending on health protection and sports will grow 2.3% to
49.7 billion rubles, on culture, film-making and the mass media 7.8% to 29.5 billion rubles (1%), on social programs 2%
to 154.5 billion rubles (5.3%) and on environmental protection 1.13% to 4.3 billion rubles (0.1%). [RU EUROPE ASIA EEU
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[Interfax] |
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