November 19, 2024
Military NEWS

The Council adopted the 2025 state budget with record expenditures on defense and arms procurement

This was announced by Prime Minister Denys Shmyhal. “All taxes of citizens and businesses next year will be directed to the defense and security of our…”, — write on: armyinform.com.ua

Read for: < 1 min. November 19, 2024, 3:08 p.m

Today, the Verkhovna Rada voted for the state budget for 2025.

This was announced by Prime Minister Denys Shmyhal.

“All taxes of citizens and businesses next year will be directed to the defense and security of our country. The total resource that will be directed to the security and defense sector will amount to UAH 2.23 trillion,” the head of government said.

Record funds will be directed to the production and purchase of weapons — 739 billion hryvnias.

Funding for the modernization of our defense-industrial complex, as well as for the purchase of drones, will also increase.

Earlier it became known that 54.55 billion will go to the development of production, the development and implementation of new technologies, the increase of production capacities for the production of defense products. This is more than was allocated for 2024 — about 51 billion.

Another UAH 500 million has been allocated to the program of affordable loans for defense enterprises. This program was created this year, and allows producers to take loans at 5% per annum. The remaining interest will be covered by the state budget.

As ArmiyaInform reported, in the state budget for 2025, supported by the Cabinet of Ministers of Ukraine, more than 55 billion hryvnias were allocated for the production of weapons and military equipment.

Related posts

“Gunsmith’s guide”: why private arms manufacturers need it

army inform

More than 170 enemy “wings” in a week – the “heavenly river cutter” continues

army inform

A servicewoman of the Ukrainian Armed Forces spoke at an international conference and met with the president of the Czech Republic

army inform

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