October 20, 2025
The government proposes to increase defense spending: Shmyhal told where they plan to get the funds thumbnail
Economy

The government proposes to increase defense spending: Shmyhal told where they plan to get the funds

“These are funds within the framework of the ERA initiative, reduction of non-priority budget expenditures, savings on public debt servicing””, — write: www.radiosvoboda.org

On October 6, the Cabinet of Ministers approved changes to the state budget for 2025. In particular, it is proposed to increase the expenditures of the Ministry of Defense by a total of 311 billion hryvnias, explained Minister Denys Shmyhal.

According to him, the funds are planned to be used to cover priority needs:

  • procurement of weapons (including drones), ammunition, military equipment, equipment
  • timely payments of financial support to military personnel
  • social support of military families

“We clearly understand from which sources these expenses will be covered. These are funds within the framework of the ERA initiative, reduction of non-priority budget expenditures, savings on public debt servicing and other items,” the head of the Ministry of Defense said.

Shmyhal added that the government will adapt the budget “to the realities of modern war.”

Read also: The matter of procurement of products from the Ministry of Defense: NABU announced the completion of the investigation

Earlier, Prime Minister Yulia Svyridenko reported that the Cabinet of Ministers approved changes to the state budget for 2025, providing an additional 324.7 billion hryvnias for defense. Of this amount, more than 310 billion are planned to be directed to the general fund.

In particular, it is proposed to allocate 202 billion to the financial support of the military, 100 to armaments, 8 billion to other military expenses.

Svyridenko added that the government is counting on the quick adoption of changes in the parliament.

In September she reported that the Cabinet of Ministers approved the draft state budget for 2026 and forwards it to the Verkhovna Rada.

Related posts

The IEA predicts a huge oversaturation of the oil market in 2026

cccv

After the “Schemes” investigation, the state condemns the assets of the liquidated Russian banks to the buyer who hid his connections with the Russian Federation

cccv

Суд не повернув державі 12 мільйонів за сміттєсортувальну станцію на Донеччині

unn

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More