Support us on Patreon
Eng
Esp
Support us on Patreon

Ukraine to spend over 44% of 2023 budget on defense

byVictoria Petryk
13/09/2022
1 minute read
Ukraine to spend over 44% of 2023 budget on defense
According to Finance Minister Serhii Marchenko, the Cabinet of Ministers approved the draft budget for 2023, where the priority will be the security and defense sectors, and state social obligations. Expenditures are set at $68.2 mn and revenues are expected at $34 mn. Loans are expected to cover the deficit. Main points:
  • over $30 bn will be allocated to the security and defense sector;
  • the minimum wage will remain at the level of December 2021, i.e. UAH 6,500 ($175);
  • about $150 mn will be invested in housing for war veterans.
The Cabinet of Ministers will reduce expenditures on state enterprises, apparatus, and institutions and will establish a recovery fund where the confiscated Russian assets will be directed.

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here



    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts