 "Ukraine's 2022 defence expenditure accounted for 32.5% of GDP")
Ukraine's defence spending in 2022 accounted for 32.5 per cent of the country's gross domestic product amid the ongoing war with Russia, a top official said here.
Oleksiy Danilov, secretary of the National Security and Defence Council, said Ukraine allocated about $42 billion last year for national security and defence, reports Xinhua news agency.
He emphasised that financing the defence sector remains a priority for the government as Russia's invasion of Ukraine continues.
Ukraine increased its initial defence budget for 2022 by $33.66 billion after the introduction of martial law on February 24, 2022, the same day Russia launched its invasion.
This year, the war-torn country plans to spend $31.2 billion to cover its defence needs.
--IANS
ksk/
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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