Russian military expenditure in 2017 and 2018, arms procurement and prospects for 2019 and beyond
The Ministry of Finance issued provisional data on the implementation of the 2018 federal budget (total spending, open plus classified, by budget chapter and sub-chapter) on 22 January, although a few days earlier it had already made available details of open spending by government departments during the year. Total spending was 16,709 billion roubles but revenues amounted to 19,455 bn. r., giving a substantial surplus of 2,746 bn.r., 2.7 per cent of GDP, although in the amended budget law the target was 2.1 per cent.
Julian Cooper is Emeritus Professor at the Centre for Russian, Eurasian and European Studies, University of Birmingham/Associate Senior Fellow, Stockholm International Peace Research Institute.