RSS
Логотип
Баннер в шапке 1
Баннер в шапке 2
2025/12/19 13:12:55

Budget of Ukraine

Content

Main article: Ukraine

Economy of Ukraine

Main article: Economy of Ukraine

Taxes

2026

IMF approved a 4-year financing program for Ukraine in the amount of $8.1 billion

In February 2026, the IMF Executive Board approved a four-year financing program for Ukraine, which made it possible to immediately allocate about $1.5 billion.

The IMF managing director said the risks to the agreement were "exceptionally high," and the success of the program would depend on further support from the international community and Ukraine's determination to implement structural reforms.

EU approves €90 billion loan to Ukraine for two years

On December 18, 2025, the EU approved a loan to Ukraine for €90 billion ($106 billion) for the next two years.

The funds will be raised through the joint debt of the EU, secured by the union's budget - without confiscation of Russian assets.

The reason for this step is the blocking by Belgium, which fears legal prosecution by Russia.

Hungary, the Czech Republic and Slovakia refused to participate in the Eurofinancing of Ukraine for €90 billion.

At the same time, Kyiv will be obliged to purchase weapons mainly from European manufacturers. Exceptions are possible only if urgently needed.

From the amount:

  • 60 billion euros will go to military needs,
  • 30 billion euros - to finance basic public services.

The first tranche is planned in April 2026. The loan is not due - it will be extended, and the EU will take over the payment of interest (about 3 billion euros per year).

Ukraine can be exempted from debt repayment if Russia does not pay compensation for military damage.

Ukraine adopted a budget with a deficit of 18.5% of GDP or $45 billion

On December 3, 2025, the Verkhovna Rada of Ukraine adopted the state budget of the country for 2026. The bill, which implies a deficit of 1.9 trillion hryvnia (equivalent to $45 billion), was supported by 257 deputies. The head of the Ministry of Finance of Ukraine Serhiy Marchenko said that the planned deficit is 18.5% of the projected gross domestic product (GDP).

The minister explained that the maximum deficit was increased by 6 billion hryvnia compared to the previous version of the document. According to Marchenko, the bulk of expenses, namely 2.806 trillion hryvnia ($66.4 billion), which is 27.2% of GDP, will be used to finance the security and defense sector. This amount includes 1.3 trillion hryvnia for the monetary allowance of military personnel.

Ukraine approved the budget for 2026 with a deficit of 18.5% and record defense spending

The total expenditure of the state budget of Ukraine for 2026 is planned in the amount of 4.837 trillion hryvnia (about $116 billion). At the same time, the expected revenues are estimated at 2.826 trillion hryvnia (approximately $68.6 billion). The income-spending gap, or budget "hole," is planned to be covered by external funding. The government is counting on raising funds from international partners, including the World Bank, the European Union, the International Monetary Fund (IMF), the UK and the G7 countries.

The draft budget provides for the indexation of key social standards. The minimum wage will be increased by 8% - to 8647 hryvnia. The living wage for various categories of the population will increase by 9.9%. It is also planned to allocate additional funds to increase salaries for education workers, compensate for losses to business due to hostilities and build protective structures in kindergartens.[1]

2025

General Staff of the Russian Federation: Ukraine received $550 billion in foreign aid in four years

The volume of foreign funding Ukraine over the past four years has exceeded $550 billion. This was announced in December 2025 by the head. General Staff of the Armed Forces of Russia Valery Gerasimov According to him, more than $220 billion of this amount was directed to the military needs of Ukraine. According to him, in four years Ukraine she received from other countries more than a thousand tanks, 200 aircraft and helicopters, about 100 thousand drones. He added To Ukraine that 20 countries are most actively involved in military assistance. The Chief of the General Staff did not specify which ones.[2]

The volume of support for the EU of Ukraine reached 135 billion euros, of which 35% loans

From 2022 to February 2025 EU provided To Ukraine 135.4 billion euros, where 49.2 billion direct military support. Of the 135.4 billion, gratuitous assistance amounted to 65%, and 35% - soft loans.

The EU from January 2025 will provide Ukraine with €1.5 billion in aid per month, the head of EU diplomacy, Kai Kallas, said in December 2024.

Signing by the President of Ukraine of a law on the state budget with a deficit of $37.2 billion or 19% of GDP

In November 2024, President of Ukraine Volodymyr Zelenskyy signed a law on the state budget for 2025 with a deficit of 1.55 trillion hryvnia ($37.2 billion at the exchange rate as of May 26, 2025), or 19.4% of GDP. Revenues are expected at the level of 2.33 trillion hryvnia, expenses - about 3.94 trillion hryvnia. Defense costs are expected to amount to 2.22 trillion hryvnia, or 26.3% of GDP. The budget of Ukraine for 2025, as noted by TASS, was formed taking into account the injection of additional funds in the amount of 141 billion hryvnia from the law on tax increases adopted by the Ukrainian parliament on October 10, 2024.[3]

2024

Ukraine's defense spending rose to 62% of GDP ($118 billion)

In 2024, the total military content of Ukraine exceeded $118 billion, which is equivalent to 62% of the country's GDP. Such data were published on July 21, 2025 by the Vedomosti newspaper, citing statistics from the Ministry of Finance of Ukraine and the Kiel Institute of World Economy.

According to estimates, foreign military assistance to Kyiv in 2022 was at the level of $40 billion. In 2023, the figure increased to $51.4 billion, and in 2024 amounted to $43.8 billion. At the same time, military expenditures on the budget of Ukraine itself grew: in 2024 they reached $75 billion. Thus, the country's total defense costs were at $118.8 billion.

Ukraine's defense spending increased to 62% of gross domestic product

The study says that in 30 years Ukraine has become one of the most militarized countries in the world. Military systems are supplied to Kyiv by many of the world's leading manufacturers. Thus, Rheinmetall ships Ukraine self-propelled artillery mounts, anti-aircraft mounts Gepard, Skynex, SIDAM 25, infantry fighting vehicles, armored personnel carriers, small arms and ammunition. From BAE Systems and its subsidiaries, Kyiv received tanks, self-propelled guns, howitzers, auto guns, armored vehicles, MANPADS, ATGM, machine guns and Storm Shadow missiles. Thales sold Spy Arrow drones, air defense systems, ATGMs, MANPADS, armored personnel carriers, radars and guided missiles, Kongsberg Gruppen - NASAMS air defense systems, grenade launchers and rifles. From Saab, Ukraine received long-range missiles, guided aerial bombs, ATGMs, grenade launchers, radars, from Leonardo - howitzers, infantry fighting vehicles, air defense systems and MANPADS.

In addition, the Ukrainian authorities are developing military production in the country with the participation of international partners. In October 2024, it became known that the Rheinmetall defense plant was launched in Ukraine, which makes Lynx infantry fighting vehicles and serves German tanks. In the future, several more factories will be launched, including the manufacture of ammunition. Together with Thales, it is planned to create an enterprise for the production of air defense systems, radars and electronic warfare systems.[4]

Growing budget deficit to a record $43.9 billion

At the end of 2024, the budget deficit of Ukraine reached a record $43.9 billion. This was announced in mid-May 2025 by the Minister of Finance of the country Sergey Marchenko.

According to him, the main problem of Ukraine lies not in the prospects, but in the current survival of the state. According to the Tsargrad edition, Marchenko called on Western partners to immediately invest in the country, since the budget deficit has reached critical values.

Ukraine's budget deficit rose to a record $43.9 billion

File:Aquote1.png
I held several meetings with my colleagues, finance ministers from G7 countries, and raised the issue that Ukraine will not be able to survive, even if we expect a ceasefire or the onset of a peace period, says the Ukrainian finance minister.
File:Aquote2.png

At the end of 2024, the expenditures of the country's state budget, as noted by the Ukrinform agency, referring to the macroeconomic and monetary review of the National Bank of Ukraine, reached a historic maximum. Funds were allocated primarily for the field of defense and social needs. In addition, capital expenditures increased due to military needs, repair work and compensation to citizens for damaged property. At the end of April 2025, the Ministry of Finance of Ukraine reported that the country's public debt reached $171.73 billion.

The United States leads in terms of the scale of support for Ukraine in three years

10 countries in terms of support for the regime in Ukraine (military + financial + humanitarian):

US: $119.6 billion

EU members and institutions: $118.5 billion

Britain: $15.5 billion

Japan: $11.0 billion

Canada: $8.7 billion

Norway: $3.5 billion

Australia: $1.1bn

Switzerland: $1.0 billion

South Korea: $800 million

Turkey: $100 million

Note: Distribution of aid over three years from January 24, 2022 to the end of 2024. The data is taken by Bloomberg from the Ukraine support tracker of the Kiel Institute of World Economy, which specializes in interstate aid transfers.

The West halved funding for the budget of Ukraine: $10.6 billion in six months or 27% of government spending

The West has halved funding for the Ukrainian budget. This became known in September 2024. According to the Ministry of Finance of Ukraine, in the first half of 2024, Western countries financed 27% of government spending, while in the first half of 2023 this figure was 50%. In monetary terms, the amount of assistance decreased from $19.1 billion to $10.6 billion. A special drop was recorded in free external transfers, which decreased from $6.1 billion to $1 billion, or six times. Ukraine planned to raise $37 billion in 2024 to cover the budget deficit, but by mid-2024 it had received only a quarter of this amount.

According to Vedomosti, simultaneously with the reduction in funding, Ukraine's spending on servicing external debt has increased significantly. In the first half of 2024, $900 million was spent on debt servicing, while in the second half it will take already $5.2 billion. This amount exceeds the country's spending on health, education and the economy over the same period. In September 2024, Kyiv was forced to pay $2.8 billion, which became one of the largest payments in the last period, especially against the background of 2023, when the average payments amounted to $146 million per month.

Kiev

Rating agencies also reflected the deterioration in the country's financial situation. In July 2024, Fitch downgraded Ukraine's credit rating to C, indicating a high level of credit risks and the likelihood of default. In August 2024, S&P also downgraded to SD ("selective default"), meaning the country will not be able to meet some of its obligations. Ukraine has restructured its debts several times, including Eurobonds worth $20 billion, which made it possible to reduce the burden on the budget.[5]

Aid flows to Ukraine from the United States and the EU slowed down

The costs of Europe and the United States to support Ukraine exceeded $155 billion

2023

The budget deficit of Ukraine set a historical record - 20.5% of the country's GDP or $35.1 billion

The budget deficit of Ukraine in 2023 set a historical record, amounting to 20.5% of GDP. This was reported by RIA Novosti with reference to its own calculations made on the basis of data from the National Bank of Ukraine and the country's Open Budget.

Budget revenues of Ukraine in 2023 amounted to 2.67 trillion hryvnia ($70.4 billion), of which 425.4 billion hryvnia ($11 billion) came from international partners of Kyiv. Budget expenditures amounted to 4 trillion hryvnia ($105.5 billion). Thus, the budget deficit of Ukraine in 2023 amounted to 1.33 trillion hryvnia or $35.1 billion, in percentage terms - 33.3%. In 2022, the budget deficit of Ukraine was measured by 911 billion hryvnia. Thus, the budget deficit in 2023 in hryvnia terms increased by 46% compared to 2022.

The budget deficit of Ukraine in 2023 set a historical record, amounting to 20.5%

According to the agency's calculations, defense spending increased the most. We are talking about ten percentage points (up to 52.3%). The only other article that demonstrated growth was housing and communal services (plus 0.2%). The remaining expenses decreased, the maximum decrease was recorded in the social sphere - by 4.1 percentage points. (up to 11.7%).

As RIA Novosti notes in a publication dated February 6, 2024, Ukraine has been living with a budget deficit for the last 30 years, for which there were only two surplus years - 1992 and 2000. Until 2023, the record deficit was in 2022 at 16.3% of GDP, the publication says.

Taking into account the fact that, according to preliminary estimates of the National Bank of Ukraine, the country's GDP in 2023 amounted to $171.2 billion, the budget deficit in relation to GDP is about 20.5%. In 2022, the budget deficit of Ukraine in relation to GDP was about 16%.

According to the deputy of the Verkhovna Rada Daniil Getmantsev, the increase in spending is primarily due to an increase in the military budget. In the functional breakdown of expenditures, about 60% falls on defense, security and law and order, the parliamentarian said.[6]

Military spending of Ukraine exceeded 60% of GDP

In 2023 Ukraine , she spent more than $49 billion on defense, which exceeds 60%. GDP Such data on January 22, 2024 was published Ministry of Finance by the country on its page on the social network (Facebook owned by a company Meta that is recognized as an extremist organization; activities in the territory of the Russian Federation are prohibited).

According to the ministry, in 2023, Ukraine sent 1.844 trillion hryvnia from the state budget for military spending (approximately $49.17 billion at the exchange rate as of January 24, 2024). This corresponds to 60.8% of total expenses. The Ministry of Finance says that security and defense remain the absolute priority of Ukraine and the largest item of state budget spending.

Ukraine spent more than $49 billion on defense

The funds were directed to the financial support of military personnel, ordinary and commanding personnel, as well as police officers. In addition, a significant item of expenses was the purchase of military and special equipment, weapons, ammunition, defense products, personal protective equipment, fuels and lubricants and food. Part of the money went to medical insurance of Ukrainian security officials and ensuring the work of specialized institutions. It is emphasized that the costs of the security sector were financed by the "government through tax revenues and military bonds."

Prime Minister of Ukraine Denis Shmygal said that the country in 2023 spent approximately $93 billion on defense and "critical spending." In the 2024 budget for the security and defense sector, Ukraine plans to allocate 1.69 trillion hryvnia ($45.06 billion). Shmygal said that the country sent 100% of taxes collected from citizens and business to the military. In addition to these expenses, there is also military assistance from allies and donations from benefactors.[7]

According to the Stockholm International Peace Research Institute (SIPRI), Ukraine's military spending for 2023 reached 37% of the country's GDP.

According to a study published in April 2024, Ukraine moved from 11th place in military spending in 2022 to eighth place in 2023. At the same time, spending in absolute terms increased by 51%, to $64.8 billion, which corresponds to 2.7% of global military spending. It also follows from the SIPRI report that in 2023, relative to 2014, Ukraine's military spending increased by 1272%.

Kyiv, Ukraine

It is noted that the military spending of Kyiv in 2023 amounted to 59% of Russian. However, if we take into account military assistance by at least $35.7 billion, then this share increases to 91%.

File:Aquote1.png
The unprecedented increase in military spending is a direct response to the global deterioration of peace and security. States prioritise military power, but they risk an action-reaction spiral in an increasingly volatile geopolitical landscape and security, noted Nan Tian, senior fellow in SIPRI's military spending and arms production program.
File:Aquote2.png

According to Prime Minister of Ukraine Denis Shmygal, in 2023, $31.2 billion was provided for the country's budget for security and military needs, accounting for 43% of all expenditures, or 18.2% of GDP. On March 21, 2023, the Verkhovna Rada adopted a law to increase budget spending on the defense sector by $14.6 billion, and on September 20 of the same year, the Rada supported the second increase in military spending in a year - this time by $8.9 billion. Earlier, the head of the parliamentary committee on budget issues, Roxolan Pidlas, reported that these funds are mainly planned to be obtained through new loans, most of which will be internal.[8]

Half on defense. Cabinet of Ministers of Ukraine approved the state budget for 2024

In mid-September 2023, the Cabinet of Ministers of Ukraine approved a draft law on the budget for 2024 with general fund revenues of 1 trillion 560 billion hryvnia (approximately $42.2 billion at the exchange rate as of October 3, 2023) and its expenses of 3 trillion 108 billion hryvnia ($84.1 billion). The main priority is the defense sector: more than half of the budget resources will go for the relevant needs - 1 trillion 685 billion hryvnia ($45.6 billion).

File:Aquote1.png
The key focus of this project is the defense and security of our country. There will be even more weapons and equipment. More drones, ammunition, missiles. Just as in this [2023] year, every penny of taxes from citizens and businesses will go to ensure our security and defense forces, "said Ukrainian Prime Minister Denis Shmygal.
File:Aquote2.png

Building of the Government of Ukraine

According to him, the second priority of budget distribution is the social sphere: expenses in this area are planned in the amount of 469 billion hryvnia ($12.7 billion). This is followed by medicine and education, for which 202 billion hryvnia ($5.5 billion) and 179 billion hryvnia ($4.8 billion) will be allocated, respectively. Another priority is to support veterans: the costs of this program are doubled - from 6.8 billion hryvnia ($0.18 billion) in 2023 to 14.3 billion hryvnia ($0.39 billion) in 2024.

In addition, economic recovery is called an important item of spending. As Shmygal noted, it is not planned to raise taxes. At the same time, in 2024, the government will continue to implement concessional lending programs and irrevocable grants, and will also support Ukrainian startups. It is planned to launch new programs for industrial parks, implement investment projects and support local manufacturers. At the same time, it is noted that the budget deficit in 2024 could be a record 50% of expenses.[9]

Foreign aid to Ukraine reached $322 billion

According to the Rybar channel, the total amount of assistance from foreign states to Ukraine during the conflict until September 2023 amounted to $322.8 billion.

Maintenance of the Armed Forces of Ukraine costs Ukraine $55 billion a year

The maintenance of the Armed Forces of Ukraine annually costs this country 2 trillion hryvnia (almost $55 billion at the exchange rate on August 3, 2023). This was announced in early August 2023 by the Prime Minister of Ukraine Denis Shmygal. Read more here.

16 EU countries pledged to contribute 400 million euros to the EIB to support Ukraine

A group of EU member states in July 2023 pledged to contribute more than 400 million euros to the fund of the European Investment Bank to support the restoration and reconstruction of Ukraine, and the first payments will begin in the fall.

On July 13, the EIB and the finance ministers of 16 countries signed a letter of intent to contribute funds to the EU for Ukraine fund. France and Italy pledged to provide 100 million euros each. The fund will serve as a "temporary interim solution until longer-term EU measures are available," the EIB said in a statement.

EU and G7 aid completely covered the budget deficit of Ukraine for 2023

EU and G7 assistance completely covered the budget deficit of Ukraine for 2023. The country's government confirmed in April 2023 that it had closed the budget deficit.

Central Bank of Ukraine ceases to buy government bonds

Calculation for external assistance in the amount of $38 billion

In November 2022, the Verkhovna Rada adopted the state budget for 2023. The lion's part of the costs will be spent on ensuring the defense and security of the state, as well as maintaining the state apparatus.

1.3 trillion hryvnias of income are planned for 2023, and expenses are twice as much. The budget deficit will be covered by foreign aid, which, according to preliminary estimates, will amount to $38 billion.

1.14 trillion hryvnia will go to the defensive sphere. In fact, spending on the maintenance of the army and conducting hostilities will absorb all budget revenues.

75 billion hryvnia will be spent on the construction and repair of roads under the program "Big Construction." The project has been repeatedly criticized for its thriving theft and corruption. Its curator is the deputy head of the president's office, Kirill Tymoshenko, so they will not refuse this article.

To finance the telethon on all Ukrainian TV channels will be transferred 1.94 billion hryvnia. This money is intended to promote the course of the political leadership of Ukraine and create even greater hatred of Russia.

Ukrainian political parties will receive 519 million hryvnia. Most of which will go to the deputies of the "Servant of the People." It was they who in the majority voted for this option of the state budget.

The cost of living and the size of the minimum wage will remain unchanged: 2.6 thousand hryvnia and 6.7 thousand hryvnia, respectively. All social benefits will also be frozen, except for pensions, which the authorities promised to index in March.

35.5 billion hryvnia, planned for the needs of the country's recovery fund.

The approved draft state budget shows Ukraine's huge financial dependence on subsidies from Western countries, without which the country is absolutely unable to cope now.

At the same time, a significant part of the allocated funds is directed to the maintenance AFU and Ukrainian in MILITARY INDUSTRIAL COMPLEX order to delay the military conflict with, Russia but not to help the residents of Ukraine.

2022

Central Bank of Ukraine, USA and EU - the main donors of the budget of Ukraine

The Central Bank of Ukraine buys government bonds and acts as the main donor to the country's budget

Estimate of the budget deficit at the end of the year at $50 billion, or 30-35% of GDP

The deficit of the state budget of Ukraine at the end of 2022 will amount to about $50 billion, or 30-35% of GDP (previously expected $7 billion), the adviser to the President of Ukraine estimated in July 2022.

Two-thirds of the country's income is foreign aid

At the end of May 2022, the Minister of Finance of Ukraine Serhiy Marchenko admitted that the budget of Ukraine is only a third formed from its own income. Two thirds are foreign, grants and loans.

He said that until the end of May, receipts of 60 billion hryvnia are expected from customs and the tax service, but this amount is not comparable to pre-war indicators. Therefore, the Ukrainian authorities look at their own income as a secondary source of money. And the primary is grants and loans from other states and structures.

Prime Minister Denis Shmygal said earlier [1]that during the military operation Russia Ukraine she lost from 30% to 50% of the economy. And the budget is replenished only by 50% -75% of peacetime.

As a result, a budget deficit of about $5 billion a month appeared. But according to Shmygal, Ukraine is supported by Britain, the United States, the IMF, the EU and the World Bank.

In June 2022, the Minister of Finance of Ukraine Sergey Marchenko said that the hostilities during the special operation of Russia cost the country $5 billion monthly.

Marchenko complained that the process of allocating foreign aid takes a lot of time and it is still not enough.

He added that the Ukrainian economy covers only 62% of expenditures from the budget. All other expenses are compensated by foreign loans and grants.

2021

The European Union spent 17 billion euros on financing Ukraine over 8 years

Since 2014, the European Union has spent more on Ukraine than on any other country - 17 billion euros, the head of union diplomacy Josep Borrell said in February 2022 at the Munich Security Conference.

Britain allocates $1.3 billion in financial assistance to Ukraine

Britain will provide Ukraine with additional financial assistance in the amount of £1 billion ($1.3 billion). Ukrainian President Volodymyr Zelenskyy wrote about this on his Twitter blog in December 2021.

File:Aquote1.png
Great news from London: The UK will give an extra £1bn to support Ukraine. This means new investment, trade, security, "he said.
File:Aquote2.png

According to Zelensky, following his negotiations with British Prime Minister Boris Johnson in 2020, the total support for London will increase to £3.5 billion.

Britain allocates $1.3 billion in financial assistance to Ukraine

The Minister of Foreign Affairs of Ukraine Dmitry Kuleba clarified that the allocated funds will be directed to the implementation of projects in the field of infrastructure, health care and clean power.

File:Aquote1.png
I am grateful for the decisions proving that Kyiv and London are close allies, Kuleba concluded.
File:Aquote2.png

TASS notes that Britain is one of the largest investors in Ukraine. In 2020, it became the second country after Switzerland in terms of foreign direct investment invested in the Ukrainian economy, and in terms of accumulated direct investment, London is the third largest investor after Cyprus and the Netherlands.

In addition, London and Kyiv signed a memorandum on strengthening cooperation in the military and military-technical spheres for £1.25 million. In June 2021, the parties agreed on a maritime partnership. In October, Ukraine reported that with the help of Britain began the construction of two new naval bases. Kyiv expects to receive two mine-action ships from London. In November, the parties signed a loan agreement to support the Ukrainian fleet for £1.7 billion (about $2.3 billion). Ukraine, in particular, will have to conclude by the end of 2024 with British companies all contracts necessary for the implementation of the project to strengthen the military potential of the Navy.[10]

EU allocated financial assistance of 600 million euros to Ukraine

In mid-September 2021, the European Commission announced the allocation of macro-financial assistance to Ukraine in the amount of 600 million euros. We are talking about the second tranche - the first was received at the end of 2020.

File:Aquote1.png
I welcome the decision of the European Commission to provide Ukraine with a second tranche of €600 million, "Ukrainian President Volodymyr Zelenskyy wrote on his Twitter page.
File:Aquote2.png

He expressed gratitude to the President of the European Commission Ursula von der Leyen and Vice-President of the European Commission Valdis Dombrovskis for an optimistic assessment of the reforms carried out in Ukraine. According to the Ukrainian leader, the allocated financial support is evidence that Kyiv and Brussels are "in solidarity in overcoming the challenges" in the fight against the coronavirus COVID-19. Kyiv may receive funds at the end of October 2021.

EU provides Ukraine with financial assistance of 600 million euros

According to Kommersant, the conditions for Kyiv to receive the second tranche included, in particular, reforms in the judicial, customs and tax spheres, as well as strengthening foreign control over strategic state-owned enterprises. The International Monetary Fund (IMF) was also waiting for progress in the implementation of reforms.

Earlier, the IMF approved a new program to support Ukraine. It was reported that $5 billion for a period of 18 months will be provided to restore the balance of payments and resume economic reforms. The IMF noted that it assesses Ukraine's experience in stabilizing the economy over the past five years as "strong," but the consequences of the coronavirus pandemic have created "great needs for the balance of payments and financing."

According to estimates, the European Union amount of financial assistance provided to Ukraine from 2014 to 2021 is 16.5 billion euros. Assistance was provided mainly in the form of grants and loans and was intended to support structural reforms in Ukraine.[11]

The Government of Ukraine approved the Ministry of Digital Development budget for 2022, it grew by 66.5%

In mid-September 2021, the Ukrainian government approved the draft state budget for 2022. It says about the financing of the Ministry of Transformation in the amount of UAH 1.53 billion, which is 66.5% more than in 2021. In absolute terms, this corresponds to an increase of UAH 1.07 billion. Read more here.

Ukrainian authorities allocate UAH 11 billion for digitalization of the economy in 2022

On September 15, 2021, the Ukrainian government approved the draft state budget for 2022. UAH 11.1 billion is allocated for the digitalization of sectors of the economy and the development of the IT industry. In particular, the following financing items are provided:

  • introduction of the latest information and communication technologies in the public administration system - UAH 3.6 billion;
  • expanding the functionality of the Unified State Web Portal of Electronic Services "Portal Diya" - UAH 318 million;
  • development of Internet access networks in rural areas - UAH 500 million;
  • development of priority projects in the field of IT, digital literacy training - UAH 600 million;
  • implementation of the National Informatization Program, development of administrative services and their digitalization (e-Veteran, e-Notary, e-Auditor, e-Taxes, e-Construction, etc.) - UAH 718 million;
  • information and technological support for the All-Ukrainian population census - UAH 400 million;
  • development of digital innovations and technologies - 5 billion hryvnia.

The Ukrainian authorities will allocate UAH 11 billion for the digitalization of the economy in 2022

Also, the draft state budget plans to send 1.2 billion hryvnias to the national informatization program, of which 500 million hryvnias, subject to the adoption by the Rada of Bill No. 5600.

As Prime Minister Denis Shmygal noted at a government meeting, the budget for 2022 is not only balanced and realistic, but also the budget for the modernization of the country, the resumption of the economy and investments in people, in their health, education and development.

According to Shmygal, the draft budget enshrines "a record GDP growth of 3.8% in 10 years." It is noted that the minimum wage, according to the budget, next year will be about $244, the average will be about $590, and at the end of the year - about $656. At the same time, the minimum salary of doctors will rise to $750.[12]

Notes