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\nKYIV: Ukrainian President Volodymyr Zelensky has signed a bill passed by parliament to increase army allocations and military spending by UAH500 billion (about $12 billion).<\/p>\n

The funds will be used to pay military salaries and purchase weapons and military equipment for the army, Ukrainian news agency Ukrinform quoted Defence Minister Rustem Umerov as saying.<\/p>\n

According to Prime Minister Denys Shmyhal, the government hopes to close the UAH 500 billion deficit thanks to the over-fulfillment of the plan for taxes and payments this year, savings on foreign debt servicing and borrowing on the domestic market.<\/p>\n

Source: Emirates News Agency <\/p>\n","protected":false},"excerpt":{"rendered":"

KYIV: Ukrainian President Volodymyr Zelensky has signed a bill passed by parliament to increase army allocations and military spending by UAH500 billion (about $12 billion).<\/p>\n

The funds will be used to pay military salaries and purchase weapons and mil…<\/p>\n<\/div>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[1647],"class_list":["post-275293","post","type-post","status-publish","format-standard","hentry","category-foreign-affairs","tag-politics"],"yoast_head":"\nUkraine increases military spending by $12bn - Fujairah Updates<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fujairahupdates.com\/ukraine-increases-military-spending-by-12bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ukraine increases military spending by $12bn - Fujairah Updates\" \/>\n<meta property=\"og:description\" content=\"KYIV: Ukrainian President Volodymyr Zelensky has signed a bill passed by parliament to increase army allocations and military spending by UAH500 billion (about $12 billion). 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