Ukraine's 2022 defence expenditure accounted for 32.5% of GDP
By IANS | Published: January 10, 2023 01:45 PM2023-01-10T13:45:06+5:302023-01-10T13:55:28+5:30
Kiev, Jan 10 Ukraine's defence spending in 2022 accounted for 32.5 per cent of the country's gross domestic ...
Kiev, Jan 10 Ukraine's defence spending in 2022 accounted for 32.5 per cent of the country's gross domestic product amid the ongoing war with Russia, a top official said here.
Oleksiy Danilov, secretary of the National Security and Defence Council, said Ukraine allocated about $42 billion last year for national security and defence, reports Xinhua news agency.
He emphasised that financing the defence sector remains a priority for the government as Russia's invasion of Ukraine continues.
Ukraine increased its initial defence budget for 2022 by $33.66 billion after the introduction of martial law on February 24, 2022, the same day Russia launched its invasion.
This year, the war-torn country plans to spend $31.2 billion to cover its defence needs.
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor
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