Nov. 12, 2024, 3:59 p.m.

Government approves draft budget for 2025 with record defense funding

(Photo: General Staff)

The Government approved the draft State Budget for 2025, which provides for significant investments in the production of weapons and military equipment - more than UAH 55 billion.

According to Herman Smetanin, Minister of Strategic Industries of Ukraine, this is more than the amount allocated for the current year.

According to him, 54.55 billion hryvnias of the total amount will be used to expand production capacity, develop new technologies and support production for the defense sector, which exceeds this year's funding of about 51 billion hryvnias.

A separate UAH 500 million has been allocated for the program of affordable loans for defense companies, which was introduced this year. This program allows manufacturers to receive loans at 5% per annum, with the state budget covering other costs at the same rate.

The final decision is to be made by MPs in the Verkhovna Rada during a vote.

The Government has introduced temporary state registration of vehicles that military personnel receive as humanitarian aid to perform their duties. Procedures for traveling abroad with these vehicles have also been regulated.

The military can now register such vehicles in their own name and use them legally until the end of martial law and three months after its termination. The Cabinet of Ministers adopted the resolution developed by the Ministry of Social Policy of Ukraine on October 29, 2024.

The Cabinet of Ministers also regulated the procedure for registration and re-registration of vehicles imported as humanitarian aid.

A meeting on the mobilization of heavy vehicles was held in Odesa region. The main focus was on proposals from the military to additionally engage trucks that violate transportation and road rules to meet the needs of the Armed Forces of Ukraine.

You might also like:

Nov. 13, 2024

BAB: Ukraine lost 300 million due to resale of barbed wire

It was decided to spend 143 million on the reconstruction of a house in Mykolaiv

More than 8 million to be spent on sirens in Odesa region

School renovation contract in Kherson region awarded to company linked to money laundering

Kherson region decides to turn landfill into eco-zone

Ukraine hosted the European Regional School Feeding Summit

Nov. 12, 2024

Odesa utilities selected a deputy's firm as a contractor in a 34-million tender

Prices in Ukraine are growing faster than the NBU predicted

In Kherson, the occupants fired at firefighters while extinguishing a fire

More than $100 billion withdrawn from Ukraine: how to get it back

Nov. 11, 2024

Presentation and flight tests of the domestic Mavic took place in Ukraine

Mykolaiv region decided to create an electric transport network for 112 million

Ukraine to receive weapons from Denmark at Russian expense

International organization provides Kherson region community with drinking water worth 9 million

More than 4 million Ukrainians have been temporarily sheltered in EU countries due to the war