Ukraine's defence budget for 2011 will stand at UAH13.6 billion (USD1.7 billion), according to Defence Minister Mykhaylo Yezhel.
The minister, who was speaking in Kiev on 1 September, said the figure had been agreed between the Ministry of Defence (MoD) and the Finance Ministry. He described it as "optimal in the current situation in Ukraine".
Low levels of defence investment are forcing the MoD to make hard choices. Plans to reduce the size of the armed forces from the current level of about 200,000 personnel to around 160,000 were announced in July.
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