I am not sure whether military aid that they get for free is counted in that budget. If not, the total amount of money spent for Ukraine’s defence will be a lot higher than the >50% from the budget or ~30% of the GDP.
Also, take note that the GDP is usually (as also in the specific case of the Ukraine) reduced by a lot in case of a war on home soil. Major parts of the Ukrainian industry have been destroyed or occupied and plundered by Russia.
So even if they wouldn’t change their defence budget, lowering the GDP would increase defence spending as percentage of GDP.
But obviously they did increase the defence spending, so both effects come together to push the percentage of GDP quite high.
Wonder what Ukraine’s GDP spending percent is?
For 2024 their draft budget allocates “over half” of the whole budget towardds defence spending (Source: https://www.reuters.com/world/europe/ukraine-plans-big-rise-defence-spending-2024-draft-budget-2023-09-15/), which corresponds to roughly 30% GDP.
I am not sure whether military aid that they get for free is counted in that budget. If not, the total amount of money spent for Ukraine’s defence will be a lot higher than the >50% from the budget or ~30% of the GDP.
Also, take note that the GDP is usually (as also in the specific case of the Ukraine) reduced by a lot in case of a war on home soil. Major parts of the Ukrainian industry have been destroyed or occupied and plundered by Russia.
So even if they wouldn’t change their defence budget, lowering the GDP would increase defence spending as percentage of GDP.
But obviously they did increase the defence spending, so both effects come together to push the percentage of GDP quite high.