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Ukraine's Defence Ministry divides its 2024 budget following NATO example

Thursday, 23 November 2023, 15:13
Ukraine's Defence Ministry divides its 2024 budget following NATO example
THE DEFENCE MINISTRY BUILDING. PHOTO: WEBSITE MIL.GOV.UA

Ukraine’s Defence Ministry’s 2024 budget can be divided into three parts, including expenditure on the ammunition and weapons purchases, personnel expenditure, and operational expenses.

Source: Ukraine's Defense Ministry citing Yurii Dzhyhyr, Deputy Minister of Defence, on air of the national joint 24/7 newscast

Quote: "The Defence Ministry’s budget for next year (1.16 trillion hryvnias [approximately US$32.5 billion]) can be divided into three large packages. This is the NATO countries’ approach which they use to categorise their defence expenditures.

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The first package is the ammunition and weapons purchases, which is over 20% of our defence budget.

The second package, the largest, is for personnel. Personnel expenditure will make up over 70% of the budget. These are financial support, additional payments for combat tasks, training, food, clothing and equipment.

And the third package is operational expenses. They include fuel, military training, utility bills, and actual repairs."

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