Dateline City:
London
Defence budget expected to fall in real terms for the first time since 2010
LONDON, UK (17 June, 2015) – Faced with mounting fiscal pressures, the Russian government has formalized cuts to planned defence expenditure and further cuts are possible, according to new analysis from IHS (NYSE: IHS), the leading global source of critical information and insight.
Download an executive summary from our quarterly defence budget report
Russia has reduced its defence budget for 2015 by 5.3 percent to $57.7 billion. Despite the downward revision defence expenditure remains 25.6 percent higher than in 2014, the IHS analysis says.
Language:
English
