Page 49 - UKRRptNov23

6.1.1 Budget dynamics - results
President Volodymyr Zelenskiy of Ukraine has officially signed into law a bill, which increases military spending in the 2023 budget, Interfax Ukraine reports.
These amendments primarily focus on providing financial support to the security and defence sector while addressing critical priority issues.
The accompanying explanatory note to the draft law outlines that the expenses of the state budget general fund will see a substantial increase of UAH 322.6bn ($8.8bn) for the current fiscal year.
Key allocations include a significant boost in funding for national security and defence, totalling nearly UAH 303bn::
● Ministry of Defence: UAH 211bn
● Ministry of Internal Affairs: UAH 79.2bn
● Security Service: UAH 4.2bn
● Ministry of Strategic Industries: UAH 4.3bn
● Main Intelligence Agency: UAH 2.5bn
● State Special Communications Service: UAH 570.2mn
● Foreign Intelligence Service: UAH 500.8mn
● State Security Department: UAH 230.5mn
Additionally, the amendments involve increased budget allocations for various other government ministries and departments, including:
● Ministry of Social Policy: UAH 16.5bn
● Ministry of Foreign Affairs: UAH 1.3bn
● Ministry of Education and Science: UAH 572.8mn
● Economic Security Bureau: UAH 315.2mn
● Cabinet Secretariat: UAH 289.6mn
● Ministry of Justice: UAH 91.2mn
● National Academy of Medical Sciences: UAH 53.5mn
● State Property Fund: UAH 43mn
● Ministry of Environmental Protection and Natural Resources:
UAH 30.5mn
● Ministry of Finance: UAH 21mn
● Ministry of Culture and Information Policy: UAH 18.4mn
6.1.2 Budget dynamics - specific issues...
Ukraine’s 2024 defence budget will exceed 21.6% of GDP for the first time. On October 9, the National Security and defence Council (NSDC) defined the main parameters of the 2024 defence budget. The National Security Council instructed the Cabinet of Ministers to allocate at least 21.6% of GDP to the state budget for national security and defence. This represents a
49 UKRAINE Country Report November 2023 www.intellinews.com