Thursday, October 30, 2008

Defense Ministry reports lack of money to pay MIC enterprises for completed orders - Minister Yuriy Yekhanurov

Defense Minister Yuriy Yekhanurov said the ministry will have to restrict payment of funds to MIC enterprises for earlier fulfilled works due to an extremely low level of the Armed Forces financing, he was speaking at a meeting timed to the state of the army's budget financing this year.

The Minister also reported that the parliamentary budget committee backed a proposal of the Defense Ministry to allocate around USD 23 million for nutrition of the personnel by the year end through redistribution of the Defense Ministry's expenditure items. Patching up of holes will be based on the reduction of expenditures on the army's reformation and development, development and resumption of arms and materiel combat readiness. However, the parliament has to make these amendments to the 2008 budget.