Learn more

Ukrainian lawmakers overwhelming passed a supplementary budget with additional expenditure equivalent to over $11 billion, mainly to go to the military, local media reported on Wednesday. This grows the total budget expenditure this year by roughly 13% to over $90 billion – a record amount for Ukraine. The increase is to be financed through higher tax revenues and loans, including from the European Union. Additionally, there are plans for savings in the social sector. Contentious tax increases are currently being debated in parliament. The budget adjustments became necessary in order to pay so…

cuu