Poroshenko has increased the military budget of Ukraine a billion dollars

© Photo : official website of Ukrainepresident President of Ukraine Petro Poroshenko. Archive photoPoroshenko has increased the military budget of Ukraine a billion dollars© Photo : official website of the President of Ukraine

The President of Ukraine Petro Poroshenko has signed the decree about the defence budget to 2018. The corresponding document was published on the website of the President.

Thus enters into force the decision of the Council of national security and defense, which includes the cost of security and defense in 2018 at least five percent of GDP.

Just at defensive ends in next year it is planned to allocate not less than 165,37 billion hryvnia (about $ 6.3 billion). It’s more than a billion dollars exceeds the defense spending in the current year, which amounted to 136 billion ($5.1 billion).

Thus, the Ministry of defence will get 83,3 billion hryvnia, the national guard — about $ 11 billion, the national police, 24.3 billion, the state border service — 9 billion, the state service for emergency situations — 10.7 billion, SBU — 7.6 billion hryvnia.

The Cabinet of Ministers of Ukraine on September 14 approved the draft budget for 2018 with a deficit of 2.4% of GDP and inflation of 7 percent. Parliament must approve the document.

The budget for 2017 envisages a deficit of three percent of GDP, economic growth — at the level of three percent and inflation to 8.1 percent. In 2016, the Ukraine’s budget deficit was 2.9 percent of GDP.