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Ukraine's 2022 defense expenditure accounts for 32.5 pct of GDP

KIEV
2023-01-10 02:41

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KIEV, Jan. 9 (Xinhua) -- Ukraine's defense spending in 2022 accounted for 32.5 percent of the country's gross domestic product amid the conflict with Russia, Oleksiy Danilov, secretary of Ukraine's National Security and Defense Council, said on Monday.

In 2022, Ukraine allocated 1.536 trillion hryvnias (about 42 billion U.S. dollars) for national security and defense, Danilov tweeted.

He emphasized that financing the defense sector remains a priority for the government.

Ukraine increased its initial defense budget for 2022 by 1.231 trillion hryvnias (about 33.66 billion dollars) after the introduction of martial law on Feb. 24, 2022.

This year, the East European country plans to spend 1.141 trillion hryvnias (about 31.2 billion dollars) to cover its defense needs.
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