Ukrainian parliament adopts amendments to current budget: US$8,8 billion more to be spent on defence
The Ukrainian parliament passed draft law No. 10038 on increasing state budget expenditures in 2023 by UAH 322.6 billion (roughly US$8.8 billion) in the second reading during a session on 6 October
Source: Yaroslav Zhelezniak, First Deputy of the Ukrainian Parliament's Tax Committee, on Telegram
Details: 313 lawmakers voted in favour of the bill.
The draft law increases spending on the following:
- The Ministry of Defence by UAH 211 billion (roughly US$5.75 billion);
- Ministry of Internal Affairs by UAH 79 billion (roughly US$2.15 billion);
- The Ministry of Social Policy by UAH 16.5 billion (roughly US$450 million);
- The Ministry of Foreign Affairs by UAH 1.3 billion (roughly US$35.4 million);
- Ministry of Industry and Trade by UAH 4.3 billion (roughly US$117.3 million);
- The Security Service by UAH 4.2 billion (roughly US$114.5 million);
- The Defence Intelligence by UAH 2.5 billion (roughly US$68.2 million);
- Ministry of Education by UAH 572 million (roughly US$15.6 million);
- The State Special Communications Service by UAH 570 million (roughly US$15.5 million);
- The Foreign Intelligence Service by UAH 500 million (roughly US$13.64 million);
- The State Security Administration by UAH 230.5 million (roughly US$6.29 million);
- Ministry of Energy by UAH 350 million (roughly US$9.55 million);
- Bureau of Economic Security by UAH 219 million (roughly US$5.97 million).
"These changes set two records in the history of Ukraine: the general budget expenditures will exceed UAH 3.39 trillion (roughly US$92.4 billion) for the first time, and the deficit will exceed UAH 2 trillion (roughly US$54.5 billion)," Zhelezniak summed up.
Background:
- At its meeting on 20 September, the Ukrainian parliament supported draft law No. 10038 on amendments to the state budget for 2023.
- Earlier, the Parliament's Budget Committee supported Draft Law No. 10038 as a basis and as a whole.
- Earlier, reports emerged that the Ukrainian parliament will consider a bill proposed by the government to increase defence spending by almost UAH 303 billion (roughly US$8.26 billion) by the end of September.
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