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5.4% of GDP will be spent on defense and security in 2020, according to Finance Minister Oksana Markarova.

Wednesday, October 9, 2019
5.4% of GDP will be spent on defense and security in 2020, according to Finance Minister Oksana Markarova.

5.4% of GDP will be spent on defense and security in 2020, according to Finance Minister Oksana Markarova. 136 billion UAH, or 3% of GDP, will be disbursed to the Ministry of defense while 723 million UAH will go to housing for active personnel and veterans. Ukraine is among the world’s top defense spenders by the percentage of GDP.

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