Ukraine s parliament approved a 303-billion-hryvnia increase in defence spending for the rest of the year on Friday, lawmakers said, as Russia s war on the country drags on.. -October 06, 2023 at 08:30 am EDT
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Ukraine s parliament has approved an increase in defence spending of 303 billion hryvnia ($8.28 billion) for the remainder of the year. This comes as Russia s war on Ukraine continues. The additional funding will be allocated to the security and defence sector, bringing the total budget for this sector to 1.67 trillion hryvnias, which accounts for 26.6% of GDP.
Nikolay Azarov noted that catching up with the current economic level of Romania and Poland, even according to the most optimistic forecasts, would take Ukraine more than 30 years
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