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Ukrainian premier says ‘more than half’ of 2024 state budget spent on defense

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Published December 31,2024


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Ukrainian Prime Minister Denys Shmyhal on Tuesday stated that “more than half” of his nation’s state funds for the previous yr was spent on protection.

“This year, more than half of state budget expenditures were directed towards defense. Literally, every hryvnia collected within the country,” Shmyhal stated in his deal with at a authorities assembly, the excerpt of which he shared on Telegram.

Expressing that the investments of the state and the personal sector have elevated the capabilities of Ukraine’s protection trade six-fold, Shmyhal stated greater than 800 state and personal corporations function within the nation’s protection sector.

Shmyhal stated that greater than 1,000 varieties of weapons and gear have been authorised for operation, of which half of them are domestically produced.

“In the drone sector, domestic production accounts for over 96% of output. Through the Army of Drones project, more than 1.2 million drones have been procured,” the prime minister additional stated.

About monetary stability, he stated all precedence expenditures within the nation are totally funded, declaring that $41.7 billion in worldwide help has been attracted from Kyiv’s companions.

Source: www.anews.com.tr

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