The Cabinet of Ministers of Ukraine is gearing up for significant increases in state budget revenues in 2025, as Prime Minister Denys Shmyhal announced a projected 30% surge during a recent government meeting. With defense and security sectors being a top priority, the government has allocated a substantial UAH 2.2 trillion in the 2025 budget to bolster this area. Highlighting a 65% surge in the ammunition and military equipment budget, Shmyhal emphasized the infusion of resources into enhancing Ukraine’s military capabilities. The Prime Minister assured that all taxpayer revenues would be channeled towards meeting military needs, while international partners would support funding for social programs, education, and healthcare. The draft bill ‘On the State Budget of Ukraine for 2025’ was presented in the Verkhovna Rada by Finance Minister Sergii Marchenko on September 20, 2024. This move reflects the government’s proactive approach to ensure robust financial backing for critical sectors amid ongoing security challenges. With a strategic focus on bolstering defense and security, Ukraine aims to strengthen its position while simultaneously addressing key social and economic priorities.
PM predicts 30% increase in budget revenues by 2025
