2025 Ukraine budget draft increases defense spending to $53.66bn amid Russian aggression.

Ukraine's 2025 budget draft includes defense spending of Hr.2.2 trillion ($53.66 billion), with a focus on military needs amid ongoing Russian aggression. The government relies on $15 billion in Western aid towards a $38.4 billion goal. President Zelensky recently approved a law increasing military funding by $12 billion, funded through loans and tax hikes. The draft anticipates a GDP growth of 2.7% and a depreciated hryvnia average of 45 per dollar.

September 21, 2024
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