Defense spending in the state budget is planned to increase by more than UAH 500 billion - Marchenko
Kyiv • UNN
Finance Minister Sergiy Marchenko has announced plans to increase spending on security and defense in the state budget by more than UAH 500 billion. This will be a record budget, and tax increases are inevitable.
The state budget of Ukraine is planned to be revised and the expenditures for the security and defense sector will be increased by more than UAH 500 billion. This was stated by the Minister of Finance of Ukraine Sergiy Marchenko in an interview on the air of a telethon, UNN reports.
Details
When asked how much the budget would increase, Marchenko replied: "By 500 billion. At the moment, this figure will be higher, because there is a need for additional purchases of quite specific weapons, and this figure will be higher."
He also noted that it "will be a record budget."
Supplement
Marchenko pointed out that Ukraine is currently forced to revise the budget and increase spending on the security and defense sector. Therefore, tax increases are inevitable in the country.