On 13 September, the Cabinet of Ministers of Ukraine approved the draft state budget for 2025. This was announced by Prime Minister Denys Shmyhal, Komersant ukrainskyi
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The state expects revenues of UAH 2 trillion, and expenditures are planned at UAH 3.6 trillion. The priority budget lines are defence, social protection and support for regions and businesses. The forecast dollar exchange rate is 45 UAH to $1.
“The priority of this budget is very clear: defence and security of our country. We will again allocate all internal resources for these purposes,” Shmyhal said.
In particular, defence spending will increase to at least UAH 2.22 trillion.
“There will be more money for Ukrainian weapons, equipment, drones,” he added.
According to him, the next priority is to finance protected budget items. The government is allocating over UAH 400 billion for social protection.
“Pensions will be indexed, and subsidies will be paid to everyone who needs them. uAH 211 billion will be allocated for healthcare and almost UAH 170 billion for education,” the Prime Minister added.
Support for regions and businesses is also important. The draft budget includes assistance to local budgets through grants and subventions.
“Funds are provided for soft loan programmes and grants for entrepreneurs. We will also continue the humanitarian demining programme and the eHouse programme,” Shmyhal said.
In addition, the innovation of the 2025 budget will be the implementation of “a new model for managing public investment projects, which will make capital expenditures more transparent and efficient.”
The focus is on recovery, energy projects, and the implementation of a new veterans’ policy.
“The main financial document of the country for 2025 is aimed at ensuring that Ukraine survives and wins. I thank everyone who is fighting for this,” the Prime Minister added.