Military budget of the Russian Federation: Difference between revisions

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The '''[[military budget]] of the [[Russian Federation]]''' is the portion of the overall budget of [[Russia]] that is allocated for the funding of the [[Armed Forces of the Russian Federation]]. This military budget finances employee salaries and training costs, the maintenance of equipment and facilities, support of new or ongoing operations, and development and procurement of new weapons, equipment, and vehicles.
 
The Russian government's published 2014 military budget is about 2.49 trillion [[rubles]] (approximately US$69.3 billion), the [[List of countries by military expenditures|third largest]] in the world behind the US and China. However when measured by its own currency it is the largest in the world by far. The official budget was set to rise to 3.03 trillion rubles (approximately US$83.7 billion) in 2015, and 3.36 trillion rubles (approximately US$93.9 billion) in 2016.<ref name="auto">{{cite web|last=Kazak|first=Sergey|title=Russia to Up Nuclear Weapons Spending 50% by 2016|url=http://en.ria.ru/military_news/20131008/184004336/Russia-to-Up-Nuclear-Weapons-Spending-50-by-2016.html|publisher=RIA Novosti|accessdate=1 March 2014}}</ref> As of 2014, Russia's military budget was higher than any other European nation, and approximately 1/7th (14%) of the [[Military budget of the United States|US military budget]]. However, [[2014–15 Russian financial crisis|a collapse in the value of the Rouble]] has greatly reduced the dollar-value of the Russian budget to around 50 billion USD as of February 2015, despite a 33% increase in the Rouble-value of the budget.<ref>{{cite web|last1=ISACHENKOV|first1=Vladimir|title=Putin Spending Big On Military Modernization Despite Russia's Economic Woes|url=http://www.huffingtonpost.com/2015/02/04/russia-military-modernization_n_6612418.html|publisher=Associated Press via Huffington Post|accessdate=8 March 2015}}</ref>
 
==Unofficial estimates==
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