Ukrainian Parliament approves 2025 budget -Agencies

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Ukrainian Parliament approves 2025 budget

/IANS

Posted: November 20, 2024
Updated: 12:42 pm

Ukrainian Parliament approves 2025 budget

Kyiv, Nov 20 : The Ukrainian Parliament approved the government's 2025 budget, which prioritises military expenditures, social support and economic recovery, the Finance Ministry said. The budget allocates 2.23 trillion Ukrainian hryvnias (about $54 billion), out of a general budget of 3.6 trillion hryvnias (about $87 billion), for security and defence in 2025, Xinhua news agency reported quoting the ministry on Tuesday.Revenues, excluding grants and other international aid, are projected to total 2.05 trillion hryvnias (about $49.6) next year. Ukraine is counting on receiving $38.4 billion in international aid to cover the budget deficit. The budget also forecasts a GDP growth of 2.7 per cent next year, with inflation at 9.5 per cent.

/IANS

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