Ukrainian National Security and Defense Council to consider, endorse defense budget for 2017 on Tuesday
The Ukrainian National Security and Defense Council will consider a defense budget for 2017 at its meeting on Tuesday, Ukrainian President Petro Poroshenko said, according to Interfax-Ukraine.
'I am returning from Dnipro to the National Security and Defense Council now, where we will endorse a military budget for 2017. It will amount to 5% [of GDP], and I hope UAH 129 billion [$1/UAH 26.6] will be allotted for the defense and security sector,' Poroshenko said in opening a new kindergarten in the village of Slobozhanske in Dnipropetrovsk region.
The financing of the armed forces is a priority for Ukraine now, and therefore 'the country is giving away everything for the defense and security sector,' he said.
'This is necessary for a Ukrainian warrior to be well trained, well prepared, well dressed, well fed, and well armed, as he is a symbol of our independence,' Poroshenko said.
It was reported earlier that Ukraine's budget for 2016 also envisioned defense spending in the amount of 5% of GDP.
As reported earlier by 1492news.com, Ukraine losses of at least $15 billion from barring of Ukrainian manufacturers from the Russian market.