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Ukraine's Ministry of Finance comments on funds for additional mobilisation

The Ministry of Finance is waiting for proposals from the Ministry of Defence and the General Staff to cover the costs of additional mobilisation. Source: Minister Serhii Marchenko, during the Business Breakfast, the Forbes's YouTube project "I would allow the General Staff, together with the Ministry of Defence, to find approaches to this issue and propose their own solutions to optimisation of expenditures… Because I have already pointed out several times that we have exhausted our internal po

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UK has record £16.9bn shortfall in defence budget: watchdog

The UK's defence department is facing a £16.9 billion ($21.4 billion) shortfall in its equipment budget due to inflation and demands from the government's updated strategy, the public spending watchdog said Monday."The Ministry of Defence (MoD) acknowledges that its Equipment Plan for 2023–2033 is unaffordable, with forecast costs exceeding its current budget by £16.9 billion," the National Audit Office (NAO) said in its annual report. 

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