Copyright © 2021 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Ukraine to spend half of 2024 budget on defense, prime minister claims

The Verkhovna Rada, Ukraine’s parliament. Credit: Getty Images
Ukraine to spend half of 2024 budget on defense, prime minister claims

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:

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

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


    Related Posts