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 State Budget 2018 provides for 5 percent of GDP on defense, - Finance Minister Danyliuk

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The state budget bill for 2018 stipulates for allocation of 5 percent of GDP on the defense needs.

This was announced by Finance Minister Oleksandr Danyliuk in an interview with Ukrainski Novyny, Censor.NET reports.

"Financing of the defense sector is a priority of the budget for the next year. We will keep the 5-percent of GDP allocation [on defense]," the minister said.

Read more: Ukraine tops the list of most attractive investment countries for fund managers, - Institutional Investor

The budget bill sets nominal GDP at 2.867 trillion hryvnia ($109.43 billion) for 2018.
 
 
 
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