By Kyiv School of Economics Ukraine’s budget stabilised in the second quarter of 2024 after a challenging first three months of the year largely due to the unblocking of international financial assistance and improved domestic tax revenues. These developments allowed for a significant increase in government spending, particularly on military needs and social welfare, leading to one of the highest expenditure levels since the start of the full-scale war. Continued international financial support remains crucial for covering the non-military budget deficit, as such funds cannot be used for milit…