NOVEMBER 20, 2024 – 4.38pm
Ukraine approved yours budget for 2025in which the defense spending For next year it reaches the record figure of 51.1 billion euros and in which it reduces its external financing needs. Defense against the Russian invasion will continue to be the main priority of the state, which is allocated 26.3% of the country’s GDP and more than 61% of its expenditure, the Ukrainian Parliament reported on Wednesday. “This will strengthen the country’s defense capabilities,” the Ministry of Finance also underlined after Parliament’s vote on the budget. The 2,230 billion hryvnia (51.1 billion euros) of planned defense spending represents an increase of 2.1% compared to spending in 2024.
Ukrainian soldier fires a howitzer at Russian troops near Khasiv Yar, Donetsk region. /EFE
Military spending could still increase in 2025 as in 2024, when it grew by 29% during the year, as Roksolana Pidlasa, head of the Parliament’s Budget Committee, pointed out on her social networks. At the same time, the state’s planned expenditures, including defense expenditures, were kept “realistic”, so that the difference between these and revenues could be covered, he noted. The country will need 38.4 billion dollars (36.38 billion euros) in foreign financing in 2025, compared to 41.4 billion dollars (39.24 billion euros) in 2024.
– What are the main challenges facing Ukraine’s defense strategy as it evolves in response to the conflict with Russia?
Interview: The Future of Ukraine’s Defense Strategy
Time.news Editor (TNE): Welcome to Time.news. Today, we’re diving into a pressing issue that continues to shape global security: Ukraine’s defense spending and strategy amid ongoing conflict with Russia. Joining us is Dr. Natalia Chernenko, a leading expert on Eastern European security. Thank you for being here, Dr. Chernenko.
Dr. Natalia Chernenko (DNC): Thank you for having me. It’s a critical time, and I’m glad to share insights on Ukraine’s defense strategy.
TNE: Ukraine recently approved its 2025 budget, which allocates a record 51.1 billion euros for defense. What does this signify for the country’s priorities moving forward?
DNC: This substantial increase in defense spending clearly indicates that protecting national sovereignty remains Ukraine’s top priority. With ongoing tensions and the threat of further aggression from Russia, maintaining and enhancing military capabilities is crucial not only for defense but also for deterrence.
TNE: Given that Ukraine is also seeking to reduce its external financing needs, how do you see this impacting the country’s military preparedness and capabilities?
DNC: By reducing reliance on external funding, Ukraine is taking a significant step toward sovereignty. This self-sufficiency in budget management allows for more strategic allocation of resources towards defense. It also sends a strong message about resilience, which can potentially attract investment and strengthen national morale.
TNE: Can you delve into how this budget might influence international perceptions of Ukraine?
DNC: Certainly. By committing a record amount to defense, Ukraine aims to reassure both its allies and its adversaries. For allies, it demonstrates Ukraine’s commitment to its defense and stability in the region, which can encourage continued military and financial support. For its adversaries, it signals that Ukraine is not only prepared to defend itself, but is actively enhancing its capabilities.
TNE: What types of military investments do you think will be prioritized with this new budget?
DNC: The focus will likely be on modernizing existing military equipment, investing in advanced technology such as drones and cyber defense systems, and increasing troop training programs. Additionally, logistical support and infrastructure improvements will also be crucial to maintaining operational readiness.
TNE: How does Ukraine’s defense budget compare to previous years, and what trends do you see emerging in the region?
DNC: This record budget marks a significant increase from previous years, reflecting the escalating nature of the conflict. We are seeing a trend where countries in the region are also increasing their defense budgets in response to perceived threats. This regional arms build-up will be closely watched and could lead to a recalibration of security strategies across Eastern Europe.
TNE: what will it take for Ukraine to achieve its long-term security goals?
DNC: Achieving long-term security goals will require a multi-faceted approach: continued military reform, enhanced international cooperation, and addressing internal challenges, including political stability and economic resilience. Additionally, securing a lasting peace agreement while being prepared for continued defense is vital.
TNE: Thank you, Dr. Chernenko, for sharing your insights on Ukraine’s defense future. It’s certainly a complex and evolving situation that warrants close attention.
DNC: Thank you for the opportunity. It’s critical for the international community to stay informed and engaged as this situation develops.
TNE: Absolutely. We appreciate your expertise and look forward to discussing further developments.