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  • Government has earmarked over UAH 500 billion for defence this year: Prime Minister
    Communications Department of the Secretariat of the CMU, posted 24 May 2024 15:20

    Since the start of the year, the Cabinet of Ministers has already budgeted more than UAH 500 billion for the country's defence. Prime Minister Denys Shmyhal has announced this.

    "During this period, every hryvnia of taxpayers' money that comes to the budget has been and is being spent by our Government on weapons, drones, equipment, supplies for our military and their salaries," the Prime Minister said.

    According to Denys Shmyhal, over the 821 days of the full-scale invasion, one of the main achievements of the Government is to ensure the financial stability of the state. Over this time, more than USD 85 billion of external financing has been leveraged.

    Meanwhile, the Prime Minister stressed that the Government could only use the funds of our partners for non-military purposes.

    "This means that the Government finances the defence campaign at the expense of taxpayers' money and military bonds," Denys Shmyhal said, adding that more than UAH 1 trillion has been raised in the budget thanks to military and other types of bonds. According to him, this enabled the Government to fully cover key budget expenditures.

    "Neither pension payments, nor subsidies or other social assistance payments have been delayed for a single month," said Denys Shmyhal.

    The Prime Minister noted that over the four months of this year, UAH 187 billion had been provided from the budget for social support.

    Government has earmarked over UAH 500 billion for defence this year: Prime Minister