Thanks to Austin for posting this at Keypub forums:
Effectively, finance minister wants to bring back MiC (which is second largest or first largest employers in Russia, brings in 10's of billions in revenue and billions in taxation, as well as work for all those people who buy goods) back to 90's era level by wanting to get gov to reduce the budget to 2% from 4%. Let me remind you that next year, it wont even be 4% and will be less than $80B due to cutting the budget next year, so he is flat out a lying f*** on the numbers of what they are spending, but as well, effectively stops the procurement plan altogether. The recent climb in defence spending is due to sap2020 and replacing all the needed equipment that is falling out of the sky, killing people/pilots, all so some idiot can save a kopek on paper but damage the Rus economy even more in long run. He wants to drop it to $40B per year, which means it wont even come close to funding sap 2020 and one would have to forget about it, all for austerity. He uses example of what BRICS nations spend on average, but doesnt take into consideration that nukes alone would cost 1/4 of those funds, if it was $40B, and they dont need to cover the same amount of space as Russia does. Not to mention, average wage of Russians are higher than even Chinese so costs will be higher too.
If they do this, they will do exactly as they did before, no issues will be fixed, and Russias security and economy will drop to the gutter and will lose their airforce eventually cause of costs and lack of money to replace the birds falling from the skies, or funds for training.