by Staff Writers
Moscow (Sputnik) Apr 23, 2015
Russia's draft Federal Space Program for 2016-2025 envisions budget cuts by more than 800 billion rubles ($15 bln) to 2 trillion rubles ($37 bln), Federal Space Agency Roscosmos said Wednesday.
"The cost of the program's projects has changed significantly in the past year due to current economic conditions, exchange rate fluctuations and changes in inflation rates," Roscosmos head, Igor Komarov, told reporters.
"The original budget was set at 2.85 trillion rubles...but we have managed to reduce it to 2.004 trillion rubles," Komarov said.
On April 15, Yuri Koptev, head of the Roscosmos science and technology council, said that the above-mentioned sum of $37 billion is the minimal amount required for reaching Russia's goals in space exploration.
The deadline for submission of the Russian Federal Space Program for 2016-2025 is set for June 10, 2015. It will include a number of ambitious projects such as a full-scale moon exploration program and construction of a super-heavy rocket needed to send spacecraft beyond Earth's orbit.
Roscosmos management has already managed to cut spending on several projects included in its program. In particular, the agency has decreased planned design expenditure estimates for a super-heavy rocket tenfold, from $11.5 billion to $1.15 billion.
Source: Sputnik News
More Russia News at Russo Daily
Station and More at Roscosmos
S.P. Korolev RSC Energia
Russian Space News
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.