518 billion UAH of this amount is proposed to be spent on national security and defence

518 billion UAH of this amount is proposed to be spent on national security and defence

518 billion UAH of this amount is proposed to be spent on national security and defence

518 billion UAH of this amount is proposed to be spent on national security and defence

The Budget Committee has recommended that the Verkhovna Rada adopt as a basis and in entirety the government's bill No. 9105 on providing expenditures for the security and defence sector.

Taras Melnychuk, representative of the Cabinet of Ministers in the Verkhovna Rada.

According to the document, additional expenditures on national security and defence for the general fund will amount to 518.15 billion UAH. Of this amount, 477.23 billion UAH will be allocated for salaries; another 30.24 billion UAH for military (special) equipment and machinery; and 10.7 billion UAH for other expenses.

In addition, it is proposed to increase the expenditures of the general fund of the state budget by 19 billion UAH to 33.42 billion UAH.

The bill envisages an increase in the state budget deficit (internal and external borrowings) to 419.3 billion UAH; an increase in state budget revenues by 60.7 billion UAH; a reduction in expenditures on public debt service by 50.3 billion UAH and a reduction in expenditures on state guarantees by 6.9 billion UAH.

Previously. President Zelensky signed a law to increase state budget expenditures by 5.5 billion UAH.

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