Putin praises Moscow International Film FestivalSociety & Culture June 22, 21:49
Russian football team getting ready for game with MexicoSport June 22, 21:38
EU agrees to extend sanctions against RussiaWorld June 22, 21:25
Lavrov tells Tillerson attempts to exert pressure on Russia through sanctions pointlessRussian Politics & Diplomacy June 22, 20:14
Russian war memorial in Poland reopens after renovationWorld June 22, 19:41
Le Bourget air show: Russia clinches contracts for military hardware deliveriesMilitary & Defense June 22, 19:28
Czech president supports idea of referendum on country’s withdrawal from EUWorld June 22, 18:57
Russian fans show fascinating hospitality at 2017 Confederations Cup — renowned pianistSport June 22, 18:32
First days of Soviet Union's Great Patriotic War in picturesSociety & Culture June 22, 18:10
KIEV, September 12. /TASS/. Ukrainian government has supported an increase in the country’s 2016 defence budget to 5% of the gross domestic product, the director of the Defence Ministry’s social and humanitarian policies department, Valentin Fedichev, has said on television.
"It was the Ukrainian people who provided nearly $2 billion for financing the country’s armed forces, which is a record-large budget over the years of independence. The Cabinet of Ministers backed the increase in the 2016 defence budget to 5% percent of the GDP."
The Defence Ministry in early September asked the government for allocating an equivalent of $4 billion on defence needs in 2016.
Ukrainian President Pyotr Poroshenko said the National Security and Defence Council would consider the issue of increasing defence spending.
In 2014 Ukraine raised its defence budget to 3.4% of the GDP by 15.6% in contrast with the previous year’s. In the 2015 budget the Defence Ministry’s share was set at 2.7% of the GDP. Last May the president signed a new national security strategy envisaging annual defence spending of no less than 5% of the GDP.