Ukrainian parliament adopts amendments to current budget: US$8,8 billion more to be spent on defence

Friday, 6 October 2023, 13:53

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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