President Volodymyr Zelensky signed into law a bill increasing Ukraine's 2024 state budget by UAH 500 billion for military needs, including salaries and weapons procurement.
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President Volodymyr Zelensky has signed into law a bill that increases Ukraine's state budget for 2024 by UAH 500 billion for military needs.
The law was signed by the head of state on September 20.
On September 18, the Verkhovna Rada adopted a law increasing the country's budget for 2024 by UAH 500 billion for military needs.
Some 298 MPs voted for this decision.
Defense Minister Rustem Umerov said that these funds would be used to pay salaries to military personnel and purchase weapons and military equipment for the army.
According to Prime Minister Denys Shmyhal, the government hopes to close the UAH 500 billion deficit thanks to the over-fulfillment of the plan for taxes and payments this year, savings on foreign debt servicing and borrowing on the domestic market.
Relentless Russian attacks means Ukraine needs continued EU support. The European Commission will provide a loan of up to 35 billion euros to Ukraine as part of the G7 pledge.
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Extraction metadata
Extracted: 2026-02-27T18:34:43.905Z
Source story: 3908005-zelensky-signs-into-law-bill-increasing-state-budget-by-uah-500b