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
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.