The draft State Budget of Ukraine for 2025, prepared for the second reading, provides more than UAH 55 billion for the production of weapons and military equipment.
This was announced by Minister of Strategic Industries Herman Smetanin, noting that this amount exceeds the UAH 51 billion allocated for 2024.
According to him, these funds will be used to develop production and implement new technologies. It will also be used to increase production capacity for defense products.
In addition, UAH 500 million is allocated for the program of affordable loans for Ukrainian defense companies, which was introduced this year.
The program allows manufacturers to take out loans at 5% per annum, with the rest of the interest covered by the state budget. The government hopes that this will help Ukrainian enterprises increase production of weapons and speed up their delivery to the Armed Forces of Ukraine.