Poroshenko orders new mobilisation, military spending increase

Written by on December 21, 2014 in Europe - Comments Off on Poroshenko orders new mobilisation, military spending increase

Ukraine is to hike military spending and undergo further mobilisation in 2015, according to President Petro Poroshenko.

In 2015 the level of funding for the defence and security sector from the national budget would be close to five per cent of GDP, Poroshenko said on December 20 at the National Security and Defence Council meeting.

The planned military budget of Hr 86 billion ($5.4 billion) considerably exceeds this year’s military spending which totalled Hr 54 billion, or about 3.4 per cent of the country’s budget.

For the full story, please visit The Kyiv Post.

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