Russia also stated: cut military spending in the next 6 years to raise peoples living standards.

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 Russia also stated: cut military spending in the next 6 years to raise peoples living standards.


According to Bloomberg News 23, Putin will spend 162 billion dollars on his medical, education and infrastructure spending in his next term. In exchange, Russias military spending will be cut in the next 6 years. Moscow is still entangled in the US sanctions against Russia because of its tough stance on Ukraine 4 years ago. However, relations between China and Russia have escalated rapidly in recent years. Trump, the president of the United States, seems to have a good relationship with Russia. Especially after the deadly weapons to the United States, the Russians seem willing to disguise their sharp edges and begin to enter the internal cultivation stage. Map from Bloomberg A source who does not want to be named says Moscow Kremlin has been preparing for the budget for more than a month, and the budget will be formally legislated after Putins inauguration in May 7th. It is reported that the budget will give Russia the current infrastructure construction of an additional recharge of 1/3 of the budget, and will add 20% to the expenditure of medical and education. That is to say, in the next 6 years, the GDP share of the 3 fields will increase from the current 9% to 11.3%. However, as the budget has not yet been completed, the source said that some details may be changed in the future. In this regard, Russia plans to cut military spending in the next 6 years. At the same time, the Kremlin plans to maintain a financial balance through the policy of raising salaries and raising taxes for the public. According to the source, Moscow will launch funding for these budgets this year, but it will have to wait until 2020. Pictures from the Russian RT News Network This will be Russias second consecutive year to cut the military budget. According to the national interest News Network (NationalInterest), Russias military expenditure continued to rise before 2016, and the proportion of GDP was increasing. However, after 2016, Kremlin deliberately cut Russian military expenditure in a full range: in 2017, the military expenditure dropped by 20 billion US dollars, and the GDP ratio dropped to 3.1% from 4.5% before. In December 2017, Russian Defense Minister Shoigu gave Russias 2018 military budget, although the $46 billion budget was higher than in 2017, but the GDP was down from 3.1% to 2.8% for two years. Map from the national interest news network of the United States The next day (24), the news of the budget was confirmed by Russian presidential palace spokesman Per Skov (DmitryPeskov). He said to Russian RT news network, the relevant legislative preparations have been basically completed, and only wait for the signature at the presidents desk. But apart from that, he did not disclose the details of the $162 billion bill. Russia held a presidential election on the 18 day of last month. Putin, the incumbent president and presidential candidate, was successfully re elected and entered the 4 era. In the 3 months before the election, the news about reducing military expenditure and improving peoples living standard seemed to have made a prediction for the budget. In January, the Russian Financial Daily Vedomosti revealed that the presidents office and Russian ministries were calculating the possibility of increasing funding for health, education and infrastructure. The report quoted a source as saying that in order to raise the budget ceiling, Putin and the Russian central bank have reached a consensus on financial structural reform. Russian Financial Daily: Putins new term can start with budget legislation. In a speech in the state of the Union address in March 1st, Putin promised to raise the standard of living, improve health, education and other public services, and halve the poverty rate in the next 6 years, if elected. Putin presented his state of the Union address at the Russian Federation Conference (parliament) in March 1st, from RT. On the issue of military spending, Putin said in an interview on the next day (March 19th) after the general election (March 19th) that Russia plans to cut military spending in the next few years, but that will not reduce its defense capabilities. In addition, speaking of Russias future dispute settlement mechanism, Putin said, we will work hard to solve the problem through political diplomacy. In the aftermath of the fight against Syria in the United States and the UK this month, the observer network reported that Putin decided to make a lot of deep concessions on the Syria issue because of the impact of Russias first wave of sanctions 4 years ago. While President Trump promised to improve us Russian relations in the election campaign, the Russian side also won the White Houses tacit cooperation. Russians are learning from Chinas experience in cultivating their own strength and cultivating themselves. In addition to the establishment of a special economic zone in China, Russia is accelerating its turning to the East and seeking cooperation with China in order to make its infrastructure development better. In this regard, Yuri Tavrovskiy, a professor and sinologist of the Russian peoples Friendship University, said that in recent years, many Russian experts and scholars have begun to pay attention and study the Chinese model, hoping to realize the great revival of Russia by learning the Chinese model and realize the perfect combination of the Chinese dream and the Russian dream.