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Saturday, October 22, 2016

Siluanov: the growth of private spending budget associated with debt defense industry

Russian Finance Minister Anton Siluanov said that the defense industry will receive about 800 billion rubles of state guarantees for loans in 2016. This is necessary in order to exempt defence companies from debt and give them the opportunity again to borrow, he said. These funds will be able to produce military products.

According to him, this explains the increase in private spending of the budget in the current year.


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