In 2027, record defense spending is expected in Ukraine - almost 44% of national GDP
12 Articles
12 Articles
On September 15, the Cabinet of Ministers approved and submitted to the Verkhovna Rada the draft state budget of Ukraine for 2027. It provides 4 trillion 885 billion hryvnias for security and defense, which is 43.8% of the gross domestic product. This was announced by Prime Minister of Ukraine Serhiy Koretsky. The information was also published on the website of the Cabinet of Ministers. According to Koretsky, security and defense remain the mai…
The draft budget-2027 provides for 4.8 trillion hryvnias for defense, almost 44% of GDP - KoretskyThe government submitted to the Council the draft budget-2027 with 4,885 trillion UAH for defense. Education, medicine and business support were also provided more funds.
Kiev has set a record 4 trillion Hryvna for defence (more than 109 billion dollars) in the 2027 budget, accounting for almost 44 per cent of the country's GDP, reported by the country's Prime Minister, Sergei Korecki. According to Koretski, this is the "warfare country's budget", and the key task of the authorities is to ensure the security and defence needs while preserving the country's financial sustainability. "Only 4 trillion Hryvna is prov…
Ukraine plans to spend 4.9 trillion hryvnia, or about $110 billion, on defense by 2027, or 43.8 percent of GDP. Total government spending is expected to reach 7.3 trillion hryvnia, and the country estimates it will need more than $52 billion in international financial assistance.
Ukraine plans to increase state spending in 2027 and will need more than $52 billion in international financial aid as the war with Russia becomes increasingly costly. According to the draft 2027 budget, provided to Reuters, the Ukrainian government plans to allocate about 43.8% of GDP …
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