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Minister of Strategic Industries of Ukraine Named the Size of Defense Procurement Budget in 2024

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 Photo for illustration
Photo for illustration

In 2024, Ukraine has $6 billion to purchase weapons, in particular from domestic manufacturers

According to the Interfax-Ukraine, Oleksandr Kamyshin, Minister of Strategic Industries, told this reporters.

"The entire defense budget for 2024 is about $40 billion. $30 billion is the salaries and payments to military personnel. $10 billion - the costs of fuel and lubricants, uniforms. Approximately $6 billion remains for the purchase of weapons. This is the amount we have today for contracts with our manufacturers, primarily Ukrainian, and it is very small, since our production capabilities are three times larger," Kamyshin said.

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Minister of Strategic Industries Alexander Kamyshin
Minister of Strategic Industries Alexander Kamyshin

He noted that Ukraine is conducting negotiations with foreign partners regarding the purchase of products of the Ukrainian military industry at their expense, with the subsequent transfer of this equipment and weapons to the Armed Forces.

Kamyshin also said that in a number of positions, Ukraine is ready to cover needs at the expense of its own production. In 2024, this is armored vehicles, all types (land, air, sea) of unmanned systems, artillery systems.

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