Budget FTP on developing GLONASS reduced by 5 billion rubles – Herald GLONASS

The budget of the federal target program (FTP) “Maintenance, development and use of the GLONASS system for 2012-2020″ for 2015 will be cut by more than 5 billion rubles, media reported with reference to the draft law “On Amendments to the Federal Law” On the Federal Budget 2015 “, which last week was passed by the Parliament at first reading.

” After spending cuts of FTP GLONASS for the current year will amount to 42.5 billion rubles – so the budget cuts of the program has undergone more than 10%, is the average of the estimated size of sequestration for the program group “Space activities of Russia for 2013-2020″, – said in a statement.
 

It is noted that after the budget cuts GLONASS federal target program will not be implemented States’ contributions to the charter capital of OJSC “Siberian Devices and Systems” concern “PVO” Almaz-Antey “, Russian Corporation Rocket and Space Instrumentation and Information Systems, SPE “Salute”, “Plant” Navigator “,” Kvant “and” Information Satellite Systems to them. Academician MF Reshetnev “.