Ukraine has spent US$64.7bn on war in 2024, Russia more than twice as much
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Mon, 28 Apr 2025 12:28:41 +0300
Ukraines military spending in 2024 increased by 2.9 compared to 2023 and reached US64.7 billion.
This is equivalent to 43 of Russias military spending and 54 of Ukraines total government expenditure. Source a report by the Stockholm International Peace Research Institute SIPRI Quote Ukraine had by far the highest military burden in the world its military spending as a share of GDP was 34 in 2024, down from 37 in 2023.
All Ukraines tax revenues were fully absorbed by its military spending in 2024, while all nonmilitary socioeconomic spending was funded by foreign aid.
Details The SIPRI report states that last year Ukraine received at least US60 billion in military financial aid, mainly from the United States, as well as from Germany and other European countries.
Quote SIPRI includes military aid in the spending estimate of the donor country and not the beneficiary country, which means that this US60 billion is not included in the total for Ukraine.
If it were included, Ukraines military spending would have totalled US125 billion in 2024, which would have made it the fourth biggest spender in the world. Details The report also notes that according to the original budget for 2024, Ukraine planned to allocate 74 of the military budget to personnel payments and 23 to the purchase and repair of military equipment.
In late July 2024 the budget was amended to boost military spending by nearly US13.5 billion, with more than half of the additional amount aimed at increasing funding for salaries and support for the families of deceased or injured soldiers, the report says.
Meanwhile, the SIPRI report states that Russias military spending at the end of last year reached US149 billion.
Compared to 2023, this figure increased by 38.
In 2024, Russias military expenditure amounted to 7.1 of the countrys GDP.
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