Ukrainian government approves draft state budget for 2025

Revenues in 2025 are expected to reach UAH 2 trillion (about USD 48 billion), while budget expenditures are planned at UAH 3.6 trillion (USD 87 billion). 

Source: Ukraine's Prime Minister Denys Shmyhal

Details: Shmyhal noted that the priority of this budget is the defence and security of Ukraine. 

"We are going to allocate all internal resources for these purposes again. Defence spending will increase to at least UAH 2.22 trillion (USD 53 billion). There will be more money for Ukrainian weapons, equipment, and drones," the prime minister said.

Shmyhal said the second priority is to finance protected budget items.

"We are allocating more than UAH 400 billion (USD 9.6 million) for social protection. Pensions will be indexed, and social subsidies will be paid to everyone who needs them. UAH 211 billion (USD 5.1 million) will be allocated for healthcare and almost UAH 170 billion (USD 4.1 million) for education," Shmyhal said.

He also added that the third priority is to support Ukrainian regions and businesses. The government will continue to provide assistance to local budgets through grants and subventions. Funds are provided for soft loan programmes and grants for entrepreneurs. The humanitarian demining programme and the eOselia (eHousing) programme will also continue.

It is noted that the innovation of this budget will be the implementation of a new model for managing public investment projects, which will make capital expenditures more transparent and efficient. In particular, the priority will be restoration, energy projects and the implementation of a new veteran policy.

The main financial document of the country for 2025 is aimed at ensuring that Ukraine will survive and win. PM Shmyhal also expressed gratitude to everyone who is fighting for the sake of this.

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