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Russian spending has fallen by over 90% since 1988.
Capital spending has fallen by a quarter in five years.
Federal spending has fallen for six of the last seven quarters.
Since then, however, annual military spending has fallen to only a tiny fraction of GDP.
Yet the share of the budget devoted to CAP spending has fallen sharply: 20 years ago, it was 70%.
Growth in domestic manufacturing is still slow, and business spending has fallen, though corporations are flush with profits.
Similar(5)
Spending had fallen 2.8 percent the previous year.
For all of 2012, construction spending totaled $850.2 billion, a gain of 9.2 percent from 2011, when construction spending had fallen 3.3 percent.
Efforts to cut spending have fallen mostly on defence and other discretionary items (meaning those re-authorised each year).
The recent Arts Index of England showed that local authority spending had fallen by 16% in the last three years.
It still meant Scotland's overall capital spending had fallen 25% since the coalition came to power.
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