Ukraine spends 130 billion hryvnias per month on the Armed Forces
This amount is slightly less than the annual budget of the Armed Forces before the start of the war
What happened? Ukraine spends UAH 130 billion ($4.4 billion) on its Armed Forces per month.
Source. Prime Minister of Ukraine Denys Shmyhal told about this in an interview with “LB.ua”.
Details. According to him, “if [earlier] we had about 156 billion hryvnias ($5.28 billion) for the maintenance of the army, and this was the annual budget of the Armed Forces of Ukraine, then today about 130 billion is a monthly budget. Of course, social benefits, demining costs, urgent recovery costs, and costs for internally displaced persons have greatly increased in our country.”
Shmyhal noted that the entire monthly budget of Ukraine is approximately equal to UAH 250 billion ($8.46 billion), of which up to UAH 100 billion ($3.39 billion) comes from taxes and customs. Thus the country's monthly need amounts to $4-5 billion.
If you have read this article to the end, we hope that means it was useful for you.
We work to ensure that our journalistic and analytical work is of high quality, and we strive to perform it as competently as possible. This also requires financial independence. Support us for only UAH 196 per month.
Become a Mind subscriber for just USD 5 per month and support the development of independent business journalism!
You can unsubscribe at any time in your LIQPAY account or by sending us an email: [email protected]
