Military budget of the Russian Federation: Difference between revisions

→‎History: portrait removed (irrelevant in terms of budget)
(→‎History: portrait removed (irrelevant in terms of budget))
[[File:Valery Gerasimov (2012-11-09) cropped.jpeg|thumb|150px|right|[[Chief of the General Staff (Russia)|Chief]] of the [[General Staff of the Armed Forces of the Russian Federation|General Staff]], [[Army general (Russia)|General of the Army]] [[Valery Gerasimov]]]]
In 1988 military spending was a single line item in the Soviet state budget, totaling 21 billion rubles (68.8 billion 1988 U.S. dollars). Given the size of the military establishment, however, the actual figure was considered to be far higher. However, in the wake of the breakup of the Soviet Union and the emergence of Russian Federation as an independent state, between 1991 and 1997 Russia's defence spending fell by a factor of eight in real prices.<ref>{{cite book |title=The Armed Forces of Russia in Asia |last=Austin |first=Greg |authorlink= |author2=Alexey Muraviev |year=2000 |publisher=I.B. Tauris |location=London, New York |isbn=1-86064-485-6 |oclc= |page=155 }}</ref> Between 1988 and 1993 weapons production in Russia fell by at least 50% for virtually every major weapons system.