Bankrupt Ukraine Announces $3 Billion Increase in Military Spending

Nation Announces 62% Budget Hike

Citing what he called the “constant military threat” the nation feels from Russia, Ukrainian President Petro Poroshenko announced a $3 billion increase in Ukraine’s military spending today.

Where Ukraine is going to come up with an extra $3 billion is totally unclear, as the nation is constantly on the brink of bankruptcy, and just had to get a multi-billion dollar bailout to avoid a default.

$3 billion may not sound like much, to those used to discussing US military budgets in the many hundreds of billions, but for Ukraine, it represents a 62% increase on their $4.8 billion annual budget.

Costs of the military are no doubt on the rise with the invasion of the east, but with Ukraine literally unable to pay their gas bill, and winter just a few short months away, it seems difficult to sell the idea that more military spending was the truly pressing need.

Author: Jason Ditz

Jason Ditz is senior editor of