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Ukraine has allocated ₴1.2 trillion for defense over the past 8 months

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Ukraine has allocated ₴1.2 trillion for defense over the past 8 months

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From January to August 2024, ₴1.2 trillion was allocated from the state budget to the security and defense sector, including ₴152 billion in August.

This was reported by the Ministry of Finance of Ukraine on Facebook.

"From January to August 2024, expenditures from the general fund of the state budget for the security and defense sector amounted to ₴1.2 trillion, or 57.4% of the total expenditures from the general fund of the state budget," the statement reads.

In August, ₴152 billion was spent from the state budget on security and defense needs.

It is noted that the funds were directed toward monetary provisions for military personnel, officers, and police officers; the purchase of military/special equipment, weapons, ammunition, defense products, personal protective equipment, fuel, food; medical supplies; and other expenses necessary for the activities of relevant agencies and formations.

In January-July 2024, ₴1 trillion was allocated from the state budget to the security and defense sector, including ₴161.6 billion in July.

According to the draft state budget for 2025, defense spending will increase to at least ₴2.22 trillion, with more funds directed toward Ukrainian-made weapons, equipment, and drones.

 

The Odessa Journal
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