Ukraine's 2022 defence expenditure accounted for 32.5% of GDP - Kiev News

Kiev, Jan 10 (IANS) 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.

by IANS | Updated Jan 10, 2023

Ukraine's 2022 defence expenditure accounted for 32.5% of GDP - Kiev News

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 story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

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