Over 50% of Ukraine's state budget spent on defense, boosting capabilities six-fold. 1.2 million drones procured, with $41.7B international aid secured.
Ukrainian Prime Minister Denys Shmyhal announced that over half of the country’s state budget in the past year was allocated to defense.
“More than 50% of state budget expenditures this year were dedicated to defense—every single hryvnia collected domestically,” Shmyhal stated during a government meeting, excerpts of which he shared on Telegram.
He highlighted that increased investments by the state and private sector have boosted Ukraine’s defense industry capabilities six-fold. Currently, more than 800 state-owned and private companies are involved in the defense sector.
Shmyhal also revealed that over 1,000 types of weapons and equipment have been approved for use, with half of these being produced domestically.
Regarding drones, he noted that over 96% of production in the sector is domestic, and the Army of Drones initiative has successfully procured more than 1.2 million drones.
On the topic of financial stability, Shmyhal emphasized that all priority expenditures are fully funded, with Ukraine securing $41.7 billion in international aid from its partners.
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Russian attacks on Ukraine’s second largest city in the early hours of Saturday (7 March) killed 10 people, including two children. Kharkiv mayor, Ihor Terekov, said 10 residents died after a Russian ballistic missile hit a five storey apartment block in the city.
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