Why was the Russian Federation Military expenditure cut in 1998-1999?
Upvote:1
In 1998, the "twin deficits" in Russia (trade and budget) forced the country to default on its debt. Two other results were a devaluation of the ruble of approximately 35%, and a 5% negative GDP growth.
Assuming that defense expenditures remained constant in rubles, a 35% devaiuation against the dollar would have reduced defense spending from $23,500 millions to $15,500 millions. The 5% contraction in the economy would have taken the amount down further to $14,500 millions. These two effects explain nearly all of the drop to $14,000 millions.
More post
- 📝 When did the Roman Empire fall according to contemporaries?
- 📝 Besides armed insurrection what other resistance was offered by American slaves?
- 📝 Heads of state convicted in international court
- 📝 Can anyone identify this uniform?
- 📝 Why didn't the Romans set up breeding mechanisms as a main source to supplement their population of slaves instead of relying on defeated enemies?
- 📝 Did Engels and Welles ever call for the extermination of Basques and Serbs?
- 📝 What has prevented the United Nations from failing the same way as the League of Nations?
- 📝 When did disabilities begin to become recognized?
- 📝 Why does Japan celebrate the Gregorian New Year but China still celebrates Chinese New Year?
- 📝 Was there any practical use for German spiked helmets (Pickelhaube)?
- 📝 What was the first assassination/murder recorded on film?
- 📝 Did Jaques Chirac say “Without Africa, France will slide down into the rank of a third [rate] power”?
- 📝 Did Aetius or Attila fight in the Battle of Worms (436)?
- 📝 Riveted mail - flat or round rings? Die cut rings mixed with riveted ones?
- 📝 How did East Indies oil lose its "top billing" in the Pacific War as the war went on?
- 📝 To what extent did the 1793 yellow fever outbreak in Philadelphia influence the process of relocating the capital to Washington DC in 1800?
- 📝 Why did Athenian philosophers praise Spartan culture and laws, which would preclude philosophers like themselves?
- 📝 Handheld music player in the 1890s?
- 📝 Why was the Tulsa Port placed at Catoosa?
- 📝 Chronological plausibility of "liars don’t make good martyrs?"
- 📝 What happened to General Eugen Müller after WWII?
- 📝 Significance of division of Caledonia by Northumbrian Advance
- 📝 Was there ever a situation where members of two warring militaries were on leave in the same neutral location?
- 📝 Zoroastrianism and Hinduism
- 📝 In Montgomery, Alabama, how common was it to be arrested for sitting in the incorrect section of the bus?
- 📝 What is 'redemptive anti-Semitism'?
- 📝 How many unarmed did Che Guevara kill personally or by order?
- 📝 What describes the average pre-colonial NA Native American lifestyle (across several tribes)?
- 📝 Why did Russia give up its claims to the Oregon Country?
- 📝 Did Viet Nam suffer a famine any time during the 1980s? And if not, how close was it to famine?
Source: stackoverflow.com
Search Posts
Related post
- 📝 Why was the Russian Federation Military expenditure cut in 1998-1999?
- 📝 Why was Kaliningrad placed under the Russian SFSR rather than the Lithuanian SSR?
- 📝 Why did Hitler attack the Soviet Union when he was still busy fighting the United Kingdom?
- 📝 Why did archery not make a comeback when armor was phased out in the 18th century?
- 📝 Why was Poland spared from the Black Death?
- 📝 Why was Africa colonized last of the continents in the Age of Discovery?
- 📝 Why did the Roman military start to favour swords over the spear phalanx?
- 📝 Why was the Scout movement so successful?
- 📝 Why was the Council of Nicea held in Nicea rather than Rome or Constantinople?
- 📝 Why was World War I ended on Nov 11 11:00, rather than immediately upon signing the armistice?
- 📝 In the Soviet Union, why was the Cheka renamed so many times?
- 📝 Why was "leaping into the river" a valid trial outcome to prove one's innocence?
- 📝 Why was the Japanese Army's fatalities inflicted:suffered ratio so low in the Pacific theatre?
- 📝 Why was capturing the south of Okinawa necessary?
- 📝 Why are military uniforms often flared or poofy above the knee?
- 📝 Why would silk underwear disqualify you from the United States military draft?
- 📝 Why were the drawings of Colossus burnt after WW2 and why was its very existence "of course" kept secret?
- 📝 Why was there a surge in the US incarceration rate during the 1990s?
- 📝 Why was the Treaty of Versailles so harsh?
- 📝 If the Ch’in dynasty was so short-lived, why was China named for it?
- 📝 Why was Switzerland not attacked during the two World Wars?
- 📝 Why was sugar cultivation more profitable in the Caribbean/Brazil than West Africa?
- 📝 Why was PTSD not written about as much before the 20th century?
- 📝 Why was the Roman Empire considered an empire rather than a kingdom (again)?
- 📝 Was it ever possible to join the US military instead of going to prison for a crime?
- 📝 Why is the late Russian Empire associated with Byzantium while having little in common with it?
- 📝 Why was the northern boundary of the Mongol empire set where it was?
- 📝 When and why was the samurai class abolished?
- 📝 Why was uranium mined in the 1500s, but only "discovered" in 1789?
- 📝 How and why was the boundary between West and East Berlin decided to be where it was?