Ukraine’s military spending exceeds 6% of the country’s GDP, Ukrainian President Petro Poroshenko said Monday in his address at West Point Military Academy during his working visit to the United States, the president's press service reports.
Secretary of the National Security and Defense Council (NSDC) Oleksandr Turchynov says the NSDC recommends the Cabinet to increase defense and security spending by UAH 9 billion, or US$346 million, that is UAH 3 billion from the general budget fund and UAH 6 billion from the special budget fund, according to an UNIAN correspondent.