Ukraine plans to keep defense spending at 5% of GDP

© RIA Novosti / Stringreplace in fotobanka of Ukraine on the building of the Ukrainian Government in Kiev. Archival photoUkraine plans to keep defense spending at 5% of GDP© RIA Novosti / Stringreplace the image Bank

The government of Ukraine plans to keep defense spending in 2018 at 5% of GDP as this year, said Wednesday Finance Minister Oleksandr danylyuk during the presentation of the draft budget resolution in 2018-2020.

«The cost of this sector in 2018 is defined at 5% of GDP. In this we orientirueshsya on the optimization of the size and structure of the armed forces and successive re-equipment in accordance with the criteria and standards of NATO,» — said danyluk.

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