Russian space budget may grow this yearScience & Space May 26, 20:48
Moscow hopes London High Court will deliver judgement on Ukraine’s debt to Russia soonBusiness & Economy May 26, 20:21
Hungarian top diplomat: EU must discuss anti-Russian sanctionsWorld May 26, 19:56
Russian, French top diplomats discuss preparations for Putin’s visit to FranceRussian Politics & Diplomacy May 26, 19:47
Moscow comments on Tallinn’s move to expel Russian diplomatsRussian Politics & Diplomacy May 26, 19:43
WADA: Legendary Isinbayeva suits role of ambassador for clean sports in RussiaSport May 26, 19:33
Russia working on advanced air defense systemMilitary & Defense May 26, 19:17
WADA receives Russia’s new national anti-doping planSport May 26, 19:14
Moldova’s ruling pro-European coalition breaks upWorld May 26, 19:12
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.