By Kyiv School of Economics The draft budget for 2025 is built on similar principles as the 2024 budget, with a clear focus on defence, security, and social protection. International financial assistance remains crucial to maintaining budgetary stability. The 2025 draft budget aligns with the Budget Declaration for 2025-2027, the first such document adopted after the full-scale invasion, demonstrating continuity in budget policy. Revenue indicators of the draft budget for 2025 take into account the “resource” bill No. 11416-d, dated August 30, 2024, which has already been adopted by the Parlia…