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Soviets hike defense budget to record level
The Soviet government presented parliament with a 1969 budget totaling $148.5 billion in expenditures and $148.7 billion in revenues, boosting military spending by $1.1 billion to a peacetime high of $19.6 billion. Finance Minister Vasily Garbuzov cited enemy designs as justification while promising higher wages and more consumer goods for the man in the street. Defense as a share of the budget edged down to 13.2 percent.
MENTIONED IN THIS ARTICLE
Moscow
UPN
Supreme Soviet
Vasily Garbuzov