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Economy 1 min read Source: УРА-Информ

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

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

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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