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Zelensky signed a law allocating 500 billion for defense

Photo: Press service of the President of Ukraine

State budget expenditures in 2024 will be a record and will total UAH 3.73 trillion.

President Vladimir Zelensky signed on Friday, September 20, bill No. 11417 to increase the budget by UAH 500 billion for military needs, reports the Verkhovna Rada of Ukraine.

Thus, total spending will reach a record 3.73 trillion. UAH – this is 2.3 times more than before the start of a large-scale war.

According to the new law, it is expected to adjust the spending part of the budget and allocate funds to restore the infrastructure and support the security sector.

On September 18, the Verkhovna Rada adopted this bill. 298 representatives of the people voted in favor.

Earlier it was reported that the government hopes to close the additional deficit of UAH 500 billion due to exceeding the plan for taxes and payments this year, saving on external debt servicing and borrowing on the domestic market.

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Source: korrespondent

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