Ukraine has increased its military budget by half a billion dollars

As indicated in the message of the Council of national security and defense Council (NSDC), the question about the defence budget was discussed yesterday at a regular meeting of the Council subject to the orders of the government to provide funding for security sector and defense of at least 5% of GDP. On Wednesday that amount was laid in the draft budget, the Cabinet of Ministers of Ukraine, reports “Interfax-Ukraine”.

As stated at the government meeting Prime Minister Vladimir Groisman, the draft state budget for 2017 on defense and national security identified the expenditure of 129 billion hryvnia (about $4.9 billion), which is 15 billion more (about $570 million) than in 2016, writes “Interfax-Ukraine”.

The day before that on defense and security in the budget in 2017 will allocate 129 billion, said the President of Ukraine Petro Poroshenko. “Immediately after returning from the Dnieper, I’ll give the national security Council. Consider the defense budget for 2017. We plan to allocate 129 billion on defense and security,” — said in a message on Twitter. Later, at the meeting of the Council stated that it will closely monitor the implementation of another decision, the Council, “to 3% of these 5% were aimed solely at defense.”

In 2016 on the sector of security and defense was provided about 113 billion hryvnia ($4.2 billion), that is, 5% of GDP. According to the NSDC Secretary Oleksandr Turchynov, this week the defence budget figures for the current year will be adjusted with a view to their increase.

In 2013, under the presidency Viktor Yanukovych, Ukraine’s military budget amounted to 1.11% of GDP. After the change of power in the country and the outbreak of hostilities in Donetsk and Lugansk regions, the cost of security and the defense began to grow rapidly.

6 September, President Poroshenko said that his country could not increase funding for the army, because defence spending has reached almost 3% of GDP. “More unfortunately, it is true, we can’t afford. The military burden on the budget and social sphere and so critically high,” Poroshenko said, adding that Ukraine has created one of the most powerful and efficient armies on the continent.