Ukraine's parliament has approved a state budget for 2024 with half of all state spending to go on defense as Kyiv continues to repel Russia's military aggression.
Budget revenues are set at $48.4 billion while budget deficit is planned at $43.58 billion next year, said Ukrainian deputy Yaroslav Zhelezniak.
"Practically 50% of our spending - for defense and security of Ukraine. There will be more weapons and vehicles, more drones, ammunition and missiles. Every hryvnia from a taxpayer will go to the army," said Ukrainian Prime Minister Denys Shmyhal.
Ukraine's government also plans to increase minimum wages, pensions and spend more on education and health sectors to help citizens cope with the rising cost of living during the war, added Shmyhal.
Related:
- Blinken says US to continue providing aid for Ukraine
- Reuters: US Senate Democrats block bill on split aid package to Ukraine and Israel
- CNN: Ukraine military aid running out of funds, White House says amidst Congress split
- US announces $425 million in military aid for Ukraine
- Poll shows unity on Israel, Ukraine aid, rift on US global leadership role among Americans
Read Also
-
Watch first naval battle in history fought entirely by drones: Ukrainian uncrewed boat spots, fires on, and sinks Russian one in Black Sea
-
“There is real hunger there”: Oleshky, occupied town in Ukraine’s Kherson Oblast, turned 942 this week. Behind Russian blockade, its people eat roadside grass
-
EU has never sanctioned Russia’s nuclear sector. Activists say that gap just let Rosatom into German plant, and they’re suing to close It
