Russia to spend $46.5bn on arms in 2009
Moscow, September 13, 2008
Russian spending on arms will rise to a record $46.5 billion next year, a senior government official said on Friday, as the Kremlin moves to beef up the armed forces after a conflict in Georgia.
Russian national defence orders will rise to 1.2 trillion roubles ($46.55 billion) in 2009, 70 billion roubles higher than previously planned, Deputy Prime Minister Sergei Ivanov was shown saying on Russian television.
'We have managed to convince the Finance Ministry that the volume of state defence orders in 2009 will be 70 billion higher than previously planned,' Ivanov told Prime Minister Vladimir Putin.
'The overall volume of state defence orders next year are planned at a record level of 1.2 trillion roubles,' Ivanov said. State defence orders includes spending on arms by all of Russia's military organisations - such as the Defence Ministry, Interior Ministry and special services - as well as repairs and spending on research and development.
Ivanov did not give reasons for the rise but said prices for military goods was rising faster than government inflation forecasts.
President Dmitry Medvedev said on Thursday the five-day conflict in Georgia last month had shown the armed forces needed modernising and that problems with equipment needed to be resolved.
Russia provoked an outcry from the West when it sent troops deep into Georgia after repelling a Georgian attack on the Moscow-backed rebel enclave of South Ossetia, which is internationally recognised as part of Georgia.
Putin hiked defence spending during his eight year presidency in an attempt to stop the decline of Russia's once mighty fighting forces. But domestic critics and former officers say the Russian armed forces are hampered by rampant corruption, poor discipline, faulty equipment and outdated battle plans which still focus on a major land war in Europe.
In Russia's draft budget, spending on 'national defence' is set to rise more than a quarter to 1.28 trillion roubles in 2009 from 1.02 trillion roubles this year. A more detailed breakdown of the spending is classified.
Putin also told Ivanov he had approved increases in spending on space programmes and that he had signed a decree ordering an addition 67 billion roubles for the Russian GLONASS satellite navigation system.
Putin said an additional 45 billion roubles would be spent on the Federal Space Programme over the next three years. He said the money would be used to build a new cosmodrome in the Far East, finance the International Space Station and help space research. - Reuters
More Miscellaneous Stories
- Mother recounts vice den ordeal in Bahrain
- More companies 'getting into CSR activities'
- Middle East grain import bills could rise
- New Emirati themed restaurant opens
- 4 UAE companies in race for agri innovation awards
- Stage set for Bahrain Animal Production Show
- Amphibious boats make global debut in Dubai
- Dubai chamber F&B group sets roadmap for 2014
- Feminisation drive costs $213m to Saudi firms
- US interiors firm opens MEA base in Dubai
- Saudi 'spends $1.6bn on energy drinks'
- Farmer is jailed for raping housemaid in Bahrain
- Bahraini mother recounts firebombs agony
- Guard foils masked ATM robbers in Bahrain
- Bahraini on Arab world's 'most powerful women' list
- Latest kitchen technology at Sharjah event
- Number of HNWIs in Africa to double by 2023
- World boxing legend to visit Bahrain
- UAE road accidents decline by 23.5pc
- Top businesswomen in Bahrain honoured
- Death penalty sought for Bahrain terrorists
- Girl, 9, dies after fall from 8th floor in Abu Dhabi
- Lebanese café brand opens Dubai outlet
- Bahrain poultry firm told to step up safety
- Customer dies in Bahrain cafe brawl
- Bahraini boys hurt while planting bombs
- Philips, Ericsson launch LED street lighting
- DuBiotech to set up first Halal safety lab
- Jotun to supply coatings for Makkah Station
- Raytheon wins $655m Kuwait Patriot deal