Budget of Russia’s new state arms procurement program to be over 21 trillion rubles

Budget of Russia’s new state arms procurement program to be over 21 trillion rubles. The current state program (2018 – 2027) has a budget of 21.7 trillion rubles ($282 billion), learned citing TASS.

Russia Putin

The budget of Russia’s new state arms procurement program, in effect after 2027, is tentatively estimated to be no less than 21-22 trillion rubles ($273-$286 billion), said Andrey Yelchaninov, the first deputy chairman of the Board of the Russian Military-Industrial Commission.

“We assume that, despite the economic situation in the country, financial characteristics of the new state program won’t be less in absolute figures [than they were in previous years]. A similar state program for 2010-2020 cost 21.2 trillion rubles ($275.5 billion). The current state program (2018 – 2027) has a budget of 21.7 trillion rubles ($282 billion). Judging by this dynamics, we expect the new state arms procurement program to amount to no less than 21-22 trillion rubles,” Yelchaninov said in an interview with the Rossiyskaya Gazeta government daily, published on Tuesday.

In his words, the commission’s board plans to make a report about the new program to Russian President Vladimir Putin on July 1, 2023.

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