trueeconomics.blogspot.com / by Constantin Gurdgiev / Monday, May 1, 2017
Headline figures from the Federal Treasury of the Russian Federation show a budgetary cut to the country defense spending of a whooping 25.5% y/y for 2017: from RUB3.8 trillion (USD65.4
billion) to RUB2.8 trillion.
However, the headline figure of 25.5% is misleading, because it is based on a fiscal defense allocation in 2016 that includes the federal funding for defense industry debt reductions.
Read more ... source: The Bitcoin Channel
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