The Ukrainian Cabinet of Ministers has approved the budget project for 2024, with its own revenues for the general budget fund at UAH 1.56 trillion and expenditures at UAH 3.108 trillion. Ukrainian Prime Minister Denys Shmyhal announced this on September 15th in his Telegram channel.
"The key focus of this project is the defense and security of our country. More than half of all budget resources, which is UAH 1.685 trillion, are directed towards this goal. This amount is UAH 113 billion more than this year. There will be more weapons and equipment, including drones, ammunition, and missiles. Just like this year, every hryvnia of taxes from citizens and businesses will go towards ensuring our security and defense", - Shmyhal wrote.
It is noted that the second priority is the social sphere, with budget expenditures amounting to UAH 469 billion, which is UAH 25 billion more than this year.
The third priority is healthcare and education. UAH 179 billion is allocated for the education sector, which is UAH 23 billion more than this year. For healthcare, there will be UAH 202 billion, exceeding the expenses of 2023 by UAH 24 billion.
The fourth priority is support for veterans. Expenditures for this program will double, increasing from UAH 6.8 billion in 2023 to UAH 14.3 billion in the next year.
The fifth priority is the recovery of Ukraine's economy. There are no plans for tax increases. The government will continue programs for preferential lending, the eRobota non-repayable grant program, and support for Ukrainian startups.
"We are also launching new programs for industrial parks, for the implementation of investment projects, and for supporting Ukrainian producers", - Shmyhal wrote.
It was previously reported that the Ukrainian government would approve the state budget project for 2024 by September 15th.