Skip to content
Edit post

Parliament approves $14 billion increase in state budget expenditures for defense-related needs

by The Kyiv Independent news desk March 21, 2023 2:04 PM 1 min read
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

Ukraine's parliament increased defense expenditures by Hr 537.2 billion ($14.6 billion), Budget Committee Chairman Roksolana Pidlasa reported on March 21. The bill will enter into law once signed by President Volodymyr Zelensky.

According to Pidlasa, 96.5% of the added expenditures will be directed to national security and defense sectors.

Hr 518 billion ($14 billion) will be spent on food and financial support for the military, as well as the purchase of special equipment like drones.

Hr 19 billion ($515 million) will be used to replenish the state budget's reserve fund for unforeseen and urgent measures, Pidlasa said.

The reserve fund includes at least Hr 3 billion ($81 million) in funds that should be used for one-time monetary assistance to families of soldiers killed in combat and Hr 2 billion ($54 million) for the construction of fortifications.

Ukraine war latest: Xi's Moscow visit 'diplomatic cover' for Russian war crimes, says Blinken
Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
9:44 PM

IMF: Ukraine needs $42 billion in budget support for 2024.

Speaking in Washington, IMF Managing Director Kristalina Georgieva said she was "confident" this would be achieved but added that fully addressing the country’s economic problems would require ending Russia's full-scale invasion.
9:35 PM

US House Democrats back Johnson's foreign aid bills.

"We're going to do what's necessary to make sure the national security bill gets over the finish line," House Democratic leader Hakeem Jeffries said. "It's not Johnson's foreign aid package. It's America's foreign aid package in terms of meeting our national security needs."
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.