Ukraine's parliament approved a state budget for next year on Thursday, aiming to strengthen its army and defences as Kyiv battles Russia in a 20-month-old war that has no end in sight, APA reports citing Reuters.
Budget revenues are set at 1.77 trillion hryvnias ($48.4 billion) while spending is planned at 3.35 trillion hryvnias. Ukraine will face a huge budget deficit of about $43.58 billion in 2024, government officials said.
Next year, more than half of all Ukrainian budget spending is planned for the defence sector to fund the war effort against Russia.
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