Economy 2021-07-15T07:34:48+03:00
Ukrainian news
Draft State Budget For 2018 Allocates UAH 83.3 Billion To Armed Forces

Draft State Budget For 2018 Allocates UAH 83.3 Billion To Armed Forces

armed forces, Stepan Poltorak, draft budget

Defense Minister Stepan Poltorak says the draft state budget for 2018 envisages allocation of UAH 83.3 billion to the Ukrainian armed forces.

The press service of the Defense Ministry announced this in a statement following Minister Poltorak's trip to Lviv region on Friday, Ukrainian News Agency reports.

"Following the meeting of the National Security and Defense Council it may be announced tentatively that the budget of the armed forces of Ukraine for the next year will be UAH 83.3 billion. But this requires decisions of the Cabinet of Ministers and the Verkhovna Rada," said the Minister.

Minister Poltorak notes that the budget of the armed forces will increase by UAH 20 billion in 2018 over 2017.

According to him, the draft state budget for 2018 doubles spending for development of weapons and equipment.

As Ukrainian News Agency earlier reported, the draft state budget for 2018 triples the funding of construction of housing for the Ukrainian military.

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