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Finland wants higher 2024 budget to boost Ukraine aid capacities

by Martin Fornusek November 23, 2023 11:22 PM 1 min read
Finnish Prime Minister Petteri Orpo speaks during a joint press conference on August 23, 2023 in Kyiv, Ukraine. (Vitalii Nosach/Global Images Ukraine via Getty Images)
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The Finnish government submitted a proposal for changes in the 2024 draft budget that includes, among other items, a higher spending limit for Ukraine aid, the country's finance ministry said on Nov. 23.

The upper threshold for defense spending for the period 2024-2028 would be raised by almost 96 million euros ($105 million) to cover costs for the previously announced 19th aid package for Kyiv.

Expenses for 2024 would be increased by 20.7 million euros ($22.6 million). Previously, the Finnish Defense Ministry's draft budget for the following year allocated 242 million euros ($264 million) for the replacement of military equipment sent to Ukraine.

The government also proposed to provide a further 25 million euros ($27 million) in investment and lending expenses in Ukraine to facilitate the participation of Finnish companies in reconstruction efforts.

Helsinki announced its 20th military aid package for Ukraine worth 100 million euros ($109 million) on Nov. 17, adding to the total of $1.6 billion in defense assistance pledged since the start of Russia's full-scale invasion.

Finland to close all but one border crossing with Russia
The measure, which is to take effect on Nov. 24, follows Helsinki’s accusations that Russia is orchestrating the influx of migrants as retribution for Finland’s entry into NATO.
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