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Military and financial policy

Author

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  • Zatsepin Vasily

    (Gaidar Institute for Economic Policy)

Abstract

In administrating the 2016 federal budget, a single adjustment was made in November. Under the Law on the 2016 Federal Budget, allocations on the “National Defense” section of the budget expenditures were initially set at RUB 3,149 trillion, or RUB 32bn (1%) less than actual expenditures a year before. In November, allocations on the National Defense grew to RUB 3,895 trillion (an increase of RUB 746bn or 23.5%)[1] due to the government’s decision to repay ahead of schedule a portion of commercial loans taken against state guarantees for financing the state defense order in 2011–2016. Compared to 2015, allocations on the National Defense grew by 22.4% in nominal terms .

Suggested Citation

  • Zatsepin Vasily, 2017. "Military and financial policy," Published Papers ppaper-2017-293, Gaidar Institute for Economic Policy, revised 2017.
  • Handle: RePEc:gai:ppaper:ppaper-2017-293
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    File Function: Revised version, 2017
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    More about this item

    Keywords

    Russian economy; military-industrial complex; defense spending;

    JEL classification:

    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions

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