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Ukraine spends 136 million USD daily on military needs

Jul 30, 2024 11:51 358

Ukraine spends 136 million USD daily on military needs  - 1

Ukraine's daily spending on military needs is over 136 million USD, monthly - over 4 billion USD. “We spend 166 billion hryvnias monthly on the security and defense sector (over 4 billion USD), every day - an average of 5.6 billion hryvnias (over 136 million USD)", said the Minister of Finance of the country Sergey Marchenko. in an interview with the RBC-Ukraine agency. Marchenko added that the Ukrainian government allows "savings" budget funds allocated for social and humanitarian programs at the end of 2024

As earlier informed the representative of the cabinet of ministers in the Rada Taras Melnichuk, the government approved the draft law on changes to the tax code. According to him, it is planned to increase the military tax for individuals from 1.5% to 5%, its introduction for legal entities in the amount of 1%, as well as the introduction of a military tax for the purchase of a car, the sale of jewelry, real estate and for mobile communication services. If the document is approved, additional funds in the amount of up to 12.1 billion USD can be allocated for the needs of the Ukrainian army, a deputy from the pro-presidential party "Servant of the People" announced. Yuri Kamelchuk.

For 2024, Ukraine has a planned budget deficit of USD 43.9 billion. Authorities expect to cover most of it with Western aid. The head of the country's Ministry of Finance stated that the budget needs USD 3 billion in revenue from partners every month. At the same time, he admitted that only a quarter of the Western financial aid received in 2023 was provided in the form of grants, that is, free of charge. According to the Ukrainian Ministry of Finance, at the end of last year, the country's public debt reached 80% of GDP.