Turchynov: Defense budget 2018 to be not less than 5% of GDP

Turchynov: Defense budget 2018 to be not less than 5% of GDP

The defense budget of Ukraine for 2018 will be not less than 5% of the gross domestic product.

Secretary of the National Security and Defense Council of Ukraine Oleksandr Turchynov said this during a meeting on defense budget issues, the press service of the National Security and Defense Council reported.

"According to the NSDC secretary, the formation of a defense budget takes place under the National Security Strategy of Ukraine and will be not less than 5% of the gross domestic product," the report reads.

"Moreover, this budget will be distinguished by that its main financing will come from the general fund, which will amount to 156,4 billion hryvnias. The special fund will be formed solely on the basis of proposals from the power ministries and institutions and will amount to around 6,3 billion hryvnias, which means that the total financing must be not less than 162,7 billion hryvnias," Turchynov stressed.

The NSDC secretary emphasized that when planning the budget, it is necessary to consider the increase in the financial support of our military servicemen. "First of all, this refers to a significant increase in position salaries and salaries for military ranks," he noted.

The issue of development of the defense industry of Ukraine was also discussed during the meeting.

According to the report, First Vice Prime Minister of Ukraine Stepan Kubiv, Minister of Internal Affairs of Ukraine Arsen Avakov, Minister of Finance Oleksandr Danilyuk, Minister of Defense Stepan Poltorak, Head of the Security Service of Ukraine Vasyl Hrytsak, heads of the National Guard of Ukraine, the National Police of Ukraine, intelligence agencies and other law enforcement agencies participated in this meeting.


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