Cabinet allocates USD 4.8 mln for development of military technologies

Source : 112 Ukraine

The government states necessity to increase the country’s defense capability
10:12, 21 October 2016

The Ukrainian government issued 125 million hryvnas (roughly 4.8 million U.S. dollars) to complete the tasks foreseen in the program of development and reformation of the country’s defense industry.

Previously, having submitted the draft bill of the 2017 state budget, the government foresaw almost 5 billion U.S. dollars for defense expenditures.

The respective document is submitted at the Cabinet’s website.   

The money will go for the needs of development and implementation of modern technologies, and growing the current production capacity for more products in this industry.

Related: Poltorak: Defense ministry reform to be completed by 2018

Related: Ukrainian Parliament passes draft law of 2017 state budget in first reading

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