Protesters break through police cordon in Tirana as anger grows over Trump-linked resort project
9 hours ago
Russia's statistics bureau Rosstat classified 4.75% of the GDP data for 2011-2017, or approximately $60bn worth of spending, as secret under a new System of National Accounts (SNS-2008) methodology, RBC business portal reported on September 4.
SNS-2008 accounts for military spending and scientific research (as intellectual property) in the GDP, with both categories undisclosed for 2017 and 2018.
In October 2017 it was estimated that the share of classified spending jumped since Russia's active involvement in the Ukrainian crisis and Syria and was up to 18.6% of spending in 2017 from 17.7% previously.
RBC estimates that in 2016 military purchases and intellectual property amounted to about RUB4.1 trillion ($60.2bn), which corresponds for 4.75% of GDP.
This is above previous military spending estimates for 2017, which increased by RUB184.3bn in 2017 to over RUB3 trillion ($52bn), less than a tenth of what the US spend on defence.
Related Content
News
Protesters break through police cordon in Tirana as anger grows over Trump-linked resort project
Protests are part of a wider mobilisation against a $4bn tourism development backed by investors linked to Jared Kushner, the son-in-law of US President Donald Trump.
_0_1780421343.jpg)
Iran seeks Japanese help in rebuilding war-damaged oil sector
Iranian President Masoud Pezeshkian has asked Japan to participate in reconstructing infrastructure damaged in recent US-Israeli attacks, including refineries, in exchange for efforts to restore normal shipping through the Strait of Hormuz.
Two killed in Kenya protests over US-backed Ebola isolation centre
The deaths occurred as demonstrations intensified over a proposed 50-bed Ebola treatment facility intended to treat US citizens affected by the ongoing outbreak.
Panama moves to shed its tax haven status, on its own terms
Panama's new 15% tax on shell companies is being sold as a clean-up. It is also a carefully negotiated minimum, designed to satisfy Brussels while preserving the offshore model that built the country's service economy.
_0_1780406899.jpg)