“President Volodymyr Zelenskyy signed the law on increasing budget expenditures for military needs by 500 billion hryvnias.”, — write: www.epravda.com.ua
President Volodymyr Zelenskyy signed a law on increasing budget spending on military needs by 500 billion hryvnias.
About this is known from the status of the law on the website of the Verkhovna Rada.
The Verkhovna Rada voted to increase the budget for military needs on September 18.
Head of the Budget Committee of the Council Roksolana Pidlas explainedwhat will be the sources of additional UAH 500 billion for defense:
- UAH 115.4 billion – reduction of expenses for servicing and repayment of the state debt;
- UAH 216 billion – additional placement of domestic state debt bonds (OVDP);
- UAH 100 billion – over-implementation of the tax collection plan;
- UAH 30 billion – tax revenues from tax increase;
- UAH 12.7 billion will be brought by the increase in excise tax rates on tobacco and fuel.
We will remind:
Verkhovna Rada voted for draft law #11416-d on raising taxes in the first reading.