Ukrainian army holds military drills close to CrimeaMilitary & Defense April 27, 13:14
Press review: Planned Putin-Trump meeting and what may have prevented St. Petersburg blastPress Review April 27, 13:00
Saudi Arabia interested in purchasing Russian military hardwareMilitary & Defense April 27, 12:57
Damascus claims France involved in staging Khan Sheikhoun chemical attackWorld April 27, 12:23
Russian Investigative Committee denies Tu-154 crashed in Sochi due to overloadWorld April 27, 12:12
Russian intelligence chief doubts Trump’s election pledges to fight terrorism 'sincere'Russian Politics & Diplomacy April 27, 11:11
Foreign intelligence chief says current ideological standoff worse than Cold War eraRussian Politics & Diplomacy April 27, 11:10
Russian diplomat believes Western obsession with Assad leads to dead endRussian Politics & Diplomacy April 27, 10:30
Maria Sharapova wins first match after disqualificationSport April 27, 9:38
KIEV, March 30. /ITAR-TASS/. Ukraine plans to increase its defence and security spending in 2014 by 15.6 percent on the previous year, the Ukrainian finance ministry said on Sunday.
“In line with amendments to the law on the Ukrainian state budget for 2014, defence and security spending has been fixed at 45.5 billion hryvnias [4.26 billion U.S. dollars), or at three percent of the GDP,” the ministry said.
The ministry also said it would cut expenditures on the purchase and servicing of mobile telephones and cars for public-sector employees, and expenditures on capital repairs. The minimal wage will be fixed at the level of December 2013. “It is motivated by considerations of economizing budgetary funds,” the ministry noted.
Nonetheless, it is planned to increase the reserve fund by 6.9 billion hryvnias (642 million U.S. dollars) to finance measures to enhance the national defence capacity. “Bearing this in mind, defence and security spending in 2014 will amount to 52.4 billion hryvnias (4.9 billion U.S. dollars), or 3.4 percent on the GDP. It is by 15.6 percent more than in 2013,” the ministry added.