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Cabinet suggests MPs increase defence spending by about UAH 518bn

The government wants to increase the reserve fund by another UAH 19bn.

Cabinet suggests MPs increase defence spending by about UAH 518bn
Photo: kmu.gov.ua

On 13 March, the Cabinet of Ministers supported a bill to increase state budget spending on defence and the reserve fund, Prime Minister Denys Shmyhal has said on Telegram.

In total, the suggested spending reaches UAH 537bn. Of this amount, more than UAH 518bn is to be allocated to the security and defecse sector, and the reserve fund is to be increased by UAH 19bn. "This will help strengthen our defence capabilities and stop Russian aggression," Shmyhal said.

According to the prime minister, the Cabinet of Ministers has found additional financial opportunities thanks to the support of international partners.

"In the bill, we suggest that additional funds be allocated for payments to the military, the purchase of military and special equipment, etc. We count on the support of parliament," Shmyhal added.

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