Ukrainian officials plan to increase the military budget to about $3.2 billion for 2015, a 100 percent increase over this year. Prime Minister Arseniy Yatsenyuk noted about 5 percent of Ukraine’s gross domestic product will go toward military and security spending. This news comes after Ukraine announced plans for a border wall with Russia costing over half a billion dollars.
“When approving the draft budget, the Defense Ministry judged from threats posed before the country and the need to form well-trained and well-equipped armed forces,” Defense Minister Stepan Poltorak told the parliament today, as reported by Itar-Tass.
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Source: Newsweek
