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Ukraine Defense Council to Discuss 2016 Military Budget

© Sputnik / Mikhail Markiv / Go to the mediabankPetro Poroshenko visits First operational brigade of National Guard near Kiev
Petro Poroshenko visits First operational brigade of National Guard near Kiev - Sputnik International
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Petro Poroshenko said that Ukraine needed to increase its military spending.

Ukrainian President Petro Poroshenko delivers a speech during a ceremony marking the handing over of heavy military equipments to Ukrainian forces in northeastern town of Chuguev , Kharkiv region on August 22, 2015 - Sputnik International
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KIEV (Sputnik) – The National Security and Defense Council of Ukraine will meet very soon to discuss the country’s military budget for 2016, Ukrainian President Petro Poroshenko said Tuesday.

“There will be a National Security and Defense Council meeting any day now to discuss the military budget for next year,” Poroshenko said during a Cabinet of Ministers meeting.

Poroshenko said that Kiev needs to increase its defense spending.

In contrast, Prime Minister Arseniy Yatsenyuk said two weeks ago that the estimated $4.5 billion to finance the defense ministry this year would preserve existing military spending levels.

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Servicing the Ukrainian Armed Forces accounts for some five percent of the country's budget.

Despite the country's efforts to switch to a contract military service, Ukrainian Deputy Defense Minister Peter Mehed has not ruled out three additional mobilization waves. The previous six drafts were estimated to have had a 60-percent rate of completion.

“The first and main threat is [a renewal of full-force military operations] at any moment, regardless of the fact that we have seen a full ceasefire over the last two days… Along the entire 500-kilometer front, there has been no artillery firing, no shelling, or no gunfire opened,” Poroshenko added.

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