23 Dec 2021 10:00 30 years ago

Russia's military budget almost halved

This news story first came out 30 years ago to the day, and we are publishing it today as part of Interfax's project, "Timeline of the Last Days of USSR. This Day 30 Years Ago." The project's goal is to reconstruct as fully as possible the timeline of the last few months of 1991 and to give everyone interested in understanding the historical processes of that period the opportunity to study and analyze the events that led to and accompanied the collapse of the Soviet Union and the emergence of the new Russian state. The complete timeline can be found in Russian.

MOSCOW. Dec 23 (Interfax) – The military budget of the Russian Soviet Federative Socialist Republic for 1992 will be almost halved, a representative of the Russian parliamentэы budget commission said.

However expenditure on the army alone will grow about five-fold to 500 billion–600 billion rubles, with the bulk of it to be spent on social programs, housing construction, salaries for servicemen, as well as the conversion programs.