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Ukrainian parliament approves 2025 budget

Tan KW
Publish date: Wed, 20 Nov 2024, 06:29 AM
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KIEV, Nov. 19 -- The Ukrainian parliament on Tuesday approved the government's 2025 budget, which prioritizes military expenditures, social support and economic recovery, the Finance Ministry said.

The budget allocates 2.23 trillion Ukrainian hryvnias (about 54 billion U.S. dollars), out of a general budget of 3.6 trillion hryvnias (about 87 billion dollars), for security and defense in 2025, according to the ministry.

Revenues, excluding grants and other international aid, are projected to total 2.05 trillion hryvnias (about 49.6 billion dollars) next year.

Ukraine is counting on receiving 38.4 billion dollars in international aid to cover the budget deficit.

The budget also forecasts a GDP growth of 2.7 percent next year, with inflation at 9.5 percent.

 


  - Xinhua

 

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