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Modern Warfare Demands Fresh Approach to Public Procurement
The nature of modern warfare and new security risks requires a fresh approach to public procurement and defence spending, according to Yuriy Butsa, government commissioner for public debt management in Ukraine. Traditional defence procurement methods are no longer optimal, and a decentralised, venture financing-like model may improve efficiency. The Ukrainian experience shows that increasing defence expenditures without restructuring allocation mechanisms can lead to higher deficits without improving security. This article was first reported by Unknown Source.