Thursday, October 14, 2010

Russia reveals detailed data on defense spending until 2013

Russia has made public for the first time in many years a detailed account of its defense spending until 2013, the Vedomosti daily said on Tuesday.State Duma Defense Committee head Viktor Zavarzin said last week that the country's defense spending, including R&D, would total 487 billion rubles ($16.3 bln) in 2010, 574 bln ($19.2 bln) in 2011, 726 bln ($24.3 bln) in 2012, and 1.16 trillion ($38.8 bln) in 2013.The share of spending on R&D will drop from 22 percent in 2010 to 16 percent in 2013, the lawmaker said.

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