16 June 2004 02:34
Expenditures on state defense contracts to increase in 2005
MOSCOW. June 16 (Interfax) - Expenditures on state defense contracts written in the 2005 federal budget are expected
to go up by 43-45 billion rubles, a Russian Finance Ministry official told reporters ahead of the June 17 government
session, which will discuss the main parameters of the 2005 federal budget.
The ministry official pointed out that the funding for state defense contracts has been increasing over the past few
years. "The next year will not be an exception and the expenditures [on defense contracts] are expected to rise by
43-45 billion rubles," the official said.
This money will be used for developing the defense industry, investment, research and development, and military
purchases.
In addition, the 2005 budget will envision more funding for space programs and several new programs, which the
government will discuss on June 17. The Finance Ministry official said the government meeting will also address federal
programs that will be financed out of the 2005 federal budget and the budgets of coming years.
The Finance Ministry materials prepared for the June 17 government meeting state that the total expenditures on
national defense in 2005 are expected to increase by 19.2% to 519.4 billion rubles and the expenditures on national
defense and law enforcement activities by 18.9% to 388.3 billion rubles. [RU EEU EUROPE ASIA EMRG ECI] av tj
[Interfax] |
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