Ukraine Proposes Record Defence Budget for Next Year
Ukraine has proposed a record defence budget of 4.89 trillion hryvnias for next year as the daily cost of the war increases. Officials say the government will require substantial international financial aid to cover the growing funding gap.
Ukraine proposed a record defence budget of 4.89 trillion hryvnias ($110 billion) for next year, rising 12% to cover surging war costs. The outlay accounts for about two-thirds of a total 7.27 trillion hryvnias draft spending plan presented to parliament on Wednesday afternoon. The escalating financial strain highlights the widening gap between state expenditures and domestic revenues as the conflict enters its fifth year.
