Financing of Ukraine’s armed forces in 2015 to increase to 3% of GDP

15:52, 11 November 2014
Ukraine
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Ukrainian President Petro Poroshenko has instructed the Ministry of Finance to increase the funding of the armed forces next year to 3% of GDP, a defense ministry spokesman said on Tuesday.

Photo from Ukrainian Defense Ministry press office

At the moment, the financing of the army is 1.02% of GDP, Ministry of Defense spokesman Viacheslav Salakhov said.

"The recent presidential decree relates to the Ministry of Finance, and is on providing funding for the armed forces for the next year [at the level of] 3% of GDP," Salakhov said.

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