Draft State Budget-2018: 165 billion hryvnias provided for defense

15 September 2017, 20:13 | Economy
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Thus, the growth in spending on these areas will be at the level of UAH 164.9 billion. Such data were disseminated by the Prime Minister of the country Vladimir Groisman - within the framework of the submission of the draft of this document on September 15. According to Groisman - they fix a serious increase in the budget - from 143 billion hryvnia to 164.9 billion hryvnia - as early as 2018.

Defense spending next year will be - as expected - 5 percent of GDP - stressed Groisman. Military equipment, in particular, will be allocated 16.4 billion hryvnia.

As reported URA-Inform, the State Budget-2018 provides for allocation to the Armed Forces 83.3 billion hryvnia.




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