Economics

Verkhovna Rada has approved the state budget for 2025 in the first reading

31 October 2024 13:32

The Verkhovna Rada has approved the draft state budget for 2025 in the first reading.

It was supported by 247 parliamentarians, MP Oleksiy Honcharenko said.

As noted by Prime Minister of Ukraine Denis Shmygal, the priority of next year’s estimates will also be security and defense.

“All taxes paid by people and business, we will direct to strengthen our defenders and military capabilities,” he said. 

Thus, we will allocate more than UAH 2.2 trillion for these purposes, which is about 26% of GDP. This is 46 billion UAH more than in 2024.

In general, state budget expenditures are planned in the amount of more than UAH 3.6 trillion, which is UAH 535 billion more than this year.

General fund revenues are planned at UAH 2.7 billion, which is UAH 411 billion more than this year.


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