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.
TheIn Russian2014, governmentRussia's published 2014 military budget is aboutof 2.49 trillion [[rubles]] (worth approximately US$69.3 billion), theat [[List2014 ofexchange countriesrates) bywas militaryhigher expenditures|thirdthan largest]]any inother theEuropean world behind the USnation, and China.approximately The official budget was set to rise to 3.03 trillion rubles1/7th (approximately US$83.7 billion14%) inof 2015,the and[[Military 3.36budget trillionof rublesthe (approximatelyUnited States|US$93.9 billion)military in 2016budget]].<ref name="auto">{{cite web|last=Kazak|first=Sergey|title=Russia to Up Nuclear Weapons Spending 50% by 2016|url=|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 planned 2015 Russian military budget to around 50US$52 billion USD as of February 2015, despite a 33% increase in theits Rouble-value ofto the3.3 budgettrillion.<ref>{{cite web|last1=ISACHENKOV|first1=Vladimir|title=Putin Spending Big On Military Modernization Despite Russia's Economic Woes|url=|publisher=Associated Press via Huffington Post|accessdate=8 March 2015}}</ref> Due to the ongoing crisis the planned 33% increase had to be reduced to 25.6%, meaning the 2015 Russian military budget totalled 3.1 trillion rubles. The originally planned 3.36 trillion budget for 2016 has also been reduced to a planned budget of 3.145 trillion rubles, an increase of only 0.8% over 2015.<ref>{{cite web|last1=Gady|first1=Franz-Stefan|title=Russia’s Military Spending to Increase Modestly in 2016|url=|website=www.the|publisher=The Diplomat|accessdate=14 January 2016}}</ref>
==Unofficial estimates==