KYIV, Dec 8 – Most of the funding allocated for the Ukrainian defense sector is "wasted," while only 15% to 20% of the required amount of funds is allocated for armaments, despite the fact that the Defense Ministry received the largest budget for 30 years in 2021, Defense Minister Oleksiy Reznikov said.

"We are talking about a chronic problem: over 70% of the budget is the cost of maintenance. Rearmament, combat training and development are financed only for 15% to 20% of the need. Conditionally, now we have received UAH 28 billion for armament, together with government guarantees will be UAH 40 billion. But if you add up the expenditures on armament from the already approved, agreed and promising programs, then you need UAH 230 billion to UAH 250 billion, annually," Reznikov said in an interview with the Armyinform publication released on Wednesday.