17.05.2024, 15:59
Putin assessed defense and security spending
Source: OREANDA-NEWS
OREANDA-NEWS Russia's security spending is not critical now, given the state of the economy, and according to some experts, it may be increased. This was stated by Russian President Vladimir Putin, talking with Russian journalists accompanying him on his trip.
"The Ministry of Defense has [expenditures of GDP] of 6.7%, and for all defense and security - 8% with a little, this is not critical yet. Because in the Soviet Union in 1985-1986, defense spending amounted to 13% [of GDP]," the President of the Russian Federation noted. "For us today, taking into account the state of the economy, macroeconomic indicators, budget revenue forecasts, defense and security spending, even together, are <...> not critical, absolutely normal."
"Moreover, some experts believe that it would be possible to add even more to it," Putin pointed out. - Budget possibilities allow."
"The Ministry of Defense has [expenditures of GDP] of 6.7%, and for all defense and security - 8% with a little, this is not critical yet. Because in the Soviet Union in 1985-1986, defense spending amounted to 13% [of GDP]," the President of the Russian Federation noted. "For us today, taking into account the state of the economy, macroeconomic indicators, budget revenue forecasts, defense and security spending, even together, are <...> not critical, absolutely normal."
"Moreover, some experts believe that it would be possible to add even more to it," Putin pointed out. - Budget possibilities allow."
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