Saturday, October 1, 2011

Glad the law failed to expel the Army 2% of GDP

The Supreme Rada has refused to provide mandatory funding for the armed forces of at least 2% of GDP this year, when adopting the budget for the next budget period. For the corresponding bill number 5422 on first reading 103 deputies voted for the minimum required 226. The bill proposes to add Article 15 of the Law on the Armed Forces' requirement to ensure financing of aircraft on a level not less than 2% of GDP. Recall that the Verkhovna Rada has increased funding for the Ministry of Defence in 2011 to 19,8% from 11,3 billion hryvnia, dedicated in 2010 to 13,6 billion hryvnia. In this case, the Ministry itself assess the need for funding of the Armed Forces in 2011 to $ 27 billion hryvnia.

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