Additional funds are proposed to be directed to military payments, military purchases and special equipment and equipment.
The Ukrainian authorities have decided to increase defense spending by UAH 518 billion. This was announced by Prime Minister Denys Shmygal on Telegram on Monday, March 13.
“The government today supports a bill to increase state budget spending by UAH 537 billion. We propose to allocate more than UAH 518 billion to the security and defense sector and increase the reserve fund by another UAH 19 billion ,” the Cabinet chief wrote. .
According to him, this will help strengthen Ukraine’s defense capabilities and stop Russian aggression.
“Thanks to the support of our international partners, we found additional financial opportunities to support our army. In the draft law, we propose to allocate additional funds for military payments, military purchases and special which equipment, equipment, etc. We rely on the support of the parliament,” concluded Shmygal. .
On the eve of the People’s Deputy Yaroslav Zheleznyak said that military spending will increase by 500 billion. According to him, this is the biggest increase in the budget in the history of Ukraine. Changes will be made this month.
Remember that Ukraine spends almost the entire budget on the army. At the same time, the entire social and humanitarian component is financed with the support of Western partners.
As you know, on November 3, 2022, the Verkhovna Rada adopted the state budget law for 2023. State budget revenues are provided in the amount of 1 trillion 329.3 billion, and expenses will reach 2 trillion 580.7 billion hryvnias.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.