Ukraine's Budget Boost: A $7.7 Billion Increase in Defense Spending
Ukraine's parliament approved an amendment to the 2023 budget, increasing defense spending by $7.7 billion. The bill passed with 297 votes, highlighting the nation's focus on countering Russia's invasion. Ukraine relies heavily on foreign creditors to finance its extensive wartime expenditure.
- Country:
- Ukraine
In a significant move, Ukraine's parliament has approved an amendment to the national budget for the current year, marking an increase of $7.7 billion in defense outlays.
The legislation was passed with a solid majority, garnering the support of 297 lawmakers, underscoring the nation's unyielding commitment to countering Russian aggression.
As Ukraine continues its prolonged defense against Russia's invasion, its financial strategy leans heavily on foreign creditors to subsidize the formidable costs of warfare.
Advertisement
ALSO READ
-
Dmitriev Predicts Peace: Ukraine War to End in a Year
-
Ukraine's Resilience: Battling for Control in Pokrovsk
-
Tragic Turn: Haryana Man Deceived Into Russian Army, Killed in Ukraine
-
Diplomacy and Tension: Dmitriev's View on Ukraine Peace Prospects
-
Critical Struggle: Ukraine's Defense Against Russian Advances in Pokrovsk
Google News