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Ukraine boosts defense budget by $12B in 2024

Ukraine boosts defense budget by B in 2024

Ukraine Increases Defense Spending to Combat Russian Aggression

The Ukrainian government has allocated nearly $12 billion for defense spending, prioritizing the needs of the country’s armed forces. Additional funds will be used for weapons, fortifications, and military salaries to counter Russian aggression.

The Defense Ministry announced the allocation of funds, with a significant portion going towards military salaries and equipment upgrades. The government also earmarked funds for fortifications, weapons purchases, and logistics to strengthen Ukraine’s defense capabilities.

Ukraine relies on taxes and military bonds to finance its defense sector, with a substantial portion of the state budget dedicated to security and defense expenditures. The recent increase in defense spending underscores the country’s commitment to national security.

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