Categories: business

Putin is forced to reduce military spending

To do this he plans in 2018.

Russian President Vladimir Putin during a meeting with the leader of United Russia in the state Duma Vladimir Vasiliev spoke about the reduction in defense spending in 2018.

According to Putin, this will not affect the rearmament of the army and Navy of the Russian Federation.

“The autumn session will need to work on the budget act. I want to remind you, is a significant savings for next year’s budget assumes, by the way, by reducing articles on defense. We will fulfil the state defence order and will do a new program. But we have to plan some cuts compared to last, so there will need to very carefully look at the issues that always arise during the preparation of the main financial document of the country”, – said Putin.

Recall that in 2016 Russia has reduced defense spending by 100 billion

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