Ukraine may double defence budget if economy strengthens
Prime Minister Volodymyr Groysman
Kiev - Arab Today
The Ukrainian government may double the country's defence budget if the economy strengthens further, Prime Minister Volodymyr Groysman said here on Friday.
Ukraine's defence spending may rise to 9.6 billion U.S. dollars per year when the country achieves a sustainable economic growth, Groysman told the parliament.
After two decades of keeping its defense expenditures at below 1.5 percent of the gross domestic product (GDP), Ukraine started to gradually boost its defense budget in 2014, when the conflict between government troops and independence-seeking insurgents started in eastern regions.
While in 2013 the country's defense budget stood at 1.11 percent of the GDP, in 2016 it has reached 5 percent of the GDP.
The Ukrainian government has estimated that the country's spending on defense will stand at about 4.8 billion dollars or 5 percent of the GDP this year.
The Ukrainian economy grew by 2.3 percent in 2016 compared with a consolidated decline of 16.5 percent over the previous two years.
Source: Xinhua
- Monday ,03 April GMT 17:37 2017 Ukrainian, French, German leaders urge truce consolidation in eastern Ukraine
GMT 18:06 2018 Friday ,30 November
Ukraine to terminate about 40 treaties with Russia soonGMT 19:39 2018 Thursday ,01 November
Russia slaps large-scale sanctions on UkraineGMT 17:37 2017 Monday ,03 April
Ukrainian, French, German leaders urge truce consolidation in eastern UkraineGMT 11:33 2017 Friday ,31 March
Poroshenko, Merkel discuss situation in E. UkraineGMT 17:22 2017 Wednesday ,15 March
Kiev to suspend cargo traffic to east UkraineRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 02:03 2015 Monday ,02 March
US dollar exchange rate unchanged today against EGP
GMT 09:07 2024 Thursday ,08 February
UTair flight makes emergency landing in Russia’s Yekaterinburg
GMT 22:42 2018 Thursday ,13 December
'World of Food Abu Dhabi' kicks off at Umm Al Emarat Park
GMT 17:33 2018 Friday ,30 November
US-led coalition airstrike on Syria’s Deir ez-Zor kills over 30 civilians
GMT 18:45 2018 Monday ,05 November
Spice Girls reunite for British tour, minus Victoria Beckham
GMT 18:15 2018 Wednesday ,17 October
Malki welcomes UN vote giving State of Palestine more powers
GMT 11:22 2018 Wednesday ,10 October
Saudi student found dead inside US apartment
GMT 11:42 2018 Wednesday ,10 October
Four dead in Manama gas cylinder blast
GMT 11:44 2018 Monday ,08 October
President underlines need for policy action strategies
GMT 08:32 2017 Thursday ,02 March
Sudan’s Bashir names ally prime minister
GMT 14:32 2018 Sunday ,30 September
President al-Assad decrees the establishment of Children’s Hospital in TartousGMT 17:55 2011 Wednesday ,16 November
S. Africa seeks DNA of rhino horns seized in Hong Kong
GMT 13:57 2016 Wednesday ,24 February
Fans of Indian politician get tattoos for her birthday
GMT 11:01 2018 Friday ,07 September
Trump calls on times to reveal 'coward' behind critical oped
GMT 23:55 2017 Wednesday ,22 February
Malaysian PM: N.Korean envoy was “diplomatically rude”
GMT 07:18 2017 Monday ,10 April
President of the European Council Receives Credentials of Qatari AmbassadorGMT 00:01 2012 Tuesday ,08 May
Beren Saat, dream woman for Arab men
GMT 19:11 2017 Sunday ,19 February
US defence secretary, Abu Dhabi CP discuss military cooperation
GMT 15:24 2017 Thursday ,17 August
12 Daesh elements killed in tunnel collapseGMT 17:05 2012 Saturday ,10 March
Literary giants come face to face with readers
GMT 08:53 2017 Monday ,20 March
Philippines' Duterte calls European critics 'crazies'
GMT 04:50 2016 Monday ,12 December
Al Azhar Imam heads for Abu Dhabi
GMT 19:49 2016 Tuesday ,14 June
Trudeau : Canadian hostage likely killed
GMT 07:29 2017 Monday ,24 April
European stocks surge at open on French vote resultGMT 08:24 2013 Thursday ,31 January
Cinderella
GMT 12:30 2014 Thursday ,03 April
Game developers to go global with Google play
GMT 03:46 2015 Wednesday ,09 September
Microsoft buys cloud computing security startup
GMT 15:42 2016 Sunday ,21 August
Facebook woos video-loving teenagers with new app
GMT 14:00 2016 Saturday ,05 March
SpaceX satellite launch succeeds, but rocket crash lands
GMT 14:39 2016 Monday ,14 March
US shale producers pushing technology to new extremesGMT 14:47 2012 Wednesday ,20 June
How to get rid of pimple marks
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor