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Russian defense spending to grow as proportion of GDP in 2011

© RIA Novosti . Mihail Fomitchev / Go to the mediabankRussian defense spending to grow as proportion of GDP in 2011
Russian defense spending to grow as proportion of GDP in 2011 - Sputnik International
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Russian defense spending will rise to 2.9% of GDP in 2011, up three tenths of a percent on the current year, a deputy finance minister said on Thursday

Russian defense spending will rise to 2.9% of GDP in 2011, up three tenths of a percent on the current year, a deputy finance minister said on Thursday.

"Defense spending in 2010 was 2.6% [of GDP], in 2011 the volume of funding will be 2.9%, in 2012 3% and then 3.2%," Anton Siluanov told the lower house of the Russian parliament.

He also said spending on defense contracts and arms procurement will also increase, but gave no specific figures.

State Duma Defense Committee head Viktor Zavarzin told RIA Novosti Russia's defense industry had yet to emerge from the ongoing crisis.

"Despite the measures taken by the government, the military-industrial complex as a whole has not overcome the state of financial, structural, technological, and personnel crisis," he said.

He said as a result of that, the cost of military products was constantly growing while their quality was declining.

Lt. Gen. Oleg Frolov, acting head of the Defense Ministry Arms Procurement Directorate, told the State Duma that more than 13 trillion rubles ($420 billion) would be allocated under a new state arms program for 2011-2020.

He said, however, that almost three times as much - 36 trillion rubles - would be needed to completely rearm and modernize the Russian military in the next decade.

He said the current figure would ensure the modernization of the Strategic Nuclear Forces and the Air Defense Forces, but leave little for the Ground Forces, the Navy, the Air Force, the Military Space Forces, and other branches of the military.

MOSCOW, June 3 (RIA Novosti)

 

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