Renewed activity in 2005-2006
The Russian economy boomed throughout 2005 from high prices for exports, such as oil and gas, the outlook for future funding in 2006 appeared more favorable. This resulted in the Russian Duma approving a budget of 305 billion rubles (about 11 billion USD) for the Space Agency from 2006-2015, with overall space expenditures in Russia total about 425 billion rubles for the same time period. The budget for 2006 was as high as 25 billion rubles (about 900 million USD), which is a 33% increase from the 2005 budget. Under the current 10 year budget approved, the budget of the Space Agency shall increase 5-10% per year, providing the space agency with a constant influx of money. In addition to the budget, Roskosmos plans to have over 130 billion rubles flowing into its budget by other means, such as industry investments and commercial space launches.
The Russian economy boomed throughout 2005 from high prices for exports, such as oil and gas, the outlook for future funding in 2006 appeared more favorable. This resulted in the Russian Duma approving a budget of 305 billion rubles (about 11 billion USD) for the Space Agency from 2006-2015, with overall space expenditures in Russia total about 425 billion rubles for the same time period. The budget for 2006 was as high as 25 billion rubles (about 900 million USD), which is a 33% increase from the 2005 budget. Under the current 10 year budget approved, the budget of the Space Agency shall increase 5-10% per year, providing the space agency with a constant influx of money. In addition to the budget, Roskosmos plans to have over 130 billion rubles flowing into its budget by other means, such as industry investments and commercial space launches.
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