September 19, 2024
The Council approved an increase in defense spending by UAH 500 billion thumbnail
UKRAINIAN NEWS

The Council approved an increase in defense spending by UAH 500 billion

The document was supported by 298 people’s deputies”, — write: www.radiosvoboda.org

The Verkhovna Rada has approved a draft law on increasing defense spending by about 500 billion hryvnias, People’s Deputy from the “Voice” faction, Deputy Chairman of the Verkhovna Rada Committee on Tax Policy Yaroslav Zheleznyak said.

According to him, the document was supported by 298 people’s deputies.

“Parliament approved a total of 11417 regarding the increase of the budget this year by UAH 500 billion for military needs. Thus, this year’s expenditures amount to a record 3.73 trillion UAH for Ukraine,” he wrote in a telegram.

This was also reported by People’s Deputy from the “European Solidarity” faction Oleksiy Honcharenko.

Read also: Financing of one military unit costs the budget 1.2 million hryvnias – Shmyhal

On September 3, the Verkhovna Rada adopted in the first reading draft law No. 11417 on amendments to the budget for 2024, which increased defense spending by about 500 billion hryvnias.

In early July, the government met with representatives of the Council for the Support of Entrepreneurship in Martial Law. According to the press service of the Ministry of Finance, the participants of the meeting discussed the government’s proposals for filling the state budget with taxes, as well as additional ways to increase revenues for defense financing by more than 500 billion hryvnias: 60% of these funds will go to the salaries of the military, 40% to weapons, equipment and other critical costs.

On July 18, the Cabinet of Ministers registered the draft law “On Amendments to the Tax Code”. The document proposes to increase the military levy rate to 5% (currently it is 1.5%) and to oblige FOEs of the third group to pay 1% of the levy. On September 17, deputies on the second attempt supported the draft law on tax increases in the first reading. The second reading is expected in October.

The head of the budget committee of the Verkhovna Rada, Roksolana Pidlas, claimed that if taxes are not raised, the military risks being left without support already at the end of September.

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