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 Poroshenko: 5 percent of GDP in state budget-2017 must be allocated for defense

President of Ukraine Petro Poroshenko underscores the importance of the security and defense sector in 2017.

Censor.NET reports citing the press office of the president.

"The key position to be ensured in this draft state budget is to allocate 5 percent of GDP for the security and defense expenditures," Petro Poroshenko emphasized at the NSDC meeting.

Read more: Poroshenko, foreign ministers of UK, Germany, Poland, France to discuss efforts on countering Russian aggression Sept. 14

"This year, I will closely monitor the fulfillment of another NSDC decision - to allocate 3 percent of these 5 percent exclusively for defense. I would like to emphasize that the overall volume of funding equals 129 billion hryvnia (over $4.9 billion)," the president noted.

The head of state stressed that the process of construction of new army, new Armed Forces remained his top priority.

According to the president, another priority is to strengthen the rule of law in the country and finance the Ministry of the Interior, National Police, and National Guard.

Read more: NSDC starts drafting defense budget-2017

"We must correct distortions regarding the financing of the State Border Guard Service. We must increase funding of the Security Service, which must respond the increased risks of terrorist threats," the president said and addressed Head of the Security Service Vasyl Hrytsak to submit proposals on funding anti-terrorist units.

Petro Poroshenko noted that real needs of security and defense sector were much higher, but resources were restricted and funding was on the verge of possible and impossible.

Read more: Aid from NATO will allow Ukraine adapting defense sector to Alliance's standards by 2020, - Poroshenko

The president also stressed the need to increase funding of the Foreign Ministry.

"Given the fact that liberation of Crimea and the occupied territories in the east of Ukraine must be held in political and diplomatic manner, I suggest to increase funding of the Foreign Ministry. Diplomats are the same weapon as our Armed Forces," he said.
 
 
 
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