Military budget of the Russian Federation: Difference between revisions

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[[Image:Russian Military Spending 1992-2012 SIPRI.jpg|thumb|250px|The yearly change of the estimated military budget of the Russian Federation according to SIPRI in millions of 2012 US dollars.]]
The '''[[military budget]] of [[Russia]]''' is the portion of the overall budget of [[Russia]] that is allocated for the funding of the [[Russian 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.
In 2014, Russia's military budget of 2.49 trillion [[rubles]] (worth approximately US$69.3 billion at 2014 exchange rates) was higher than any other European nation, and approximately 1/7th (14%) of the [[Military budget of the United States|US military budget]].<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> However, [[2014–15 Russian financial crisis|a collapse in the value of the Rouble]] greatly reduced the dollar-value of the planned 2015 Russian military budget to US$52 billion, despite a 33% increase in its Rouble-value to 3.3 trillion.<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>