Russian Military Spending Soars

"Russia has announced that it will increase defense spending by some 18 percent this year despite its worsening economic outlook.

According to a report in Jane’s Defence Weekly, the Russian Federal Treasury announced late last month that “Expenditure on National Defense” will rise from 2,101.4 billion rubles ($58.2 billion) in 2013 to 2,488.1 billion rubles in 2014. This is projected to be about 3.4 percent of Russia’s GDP but over 20 percent of government spending. Another 16.5 percent of the government budget will go to national security and law enforcement..."

at http://www.zerohedge.com/news/2014-04-08/russian-military-spending-soars