The Ukrainian government has approved its 2024 budget, a move reported by Prime Minister Denis Shmygal on his official Telegram channel. The public disclosure outlined the fiscal framework for the coming year, with dedicated attention to defense and security priorities amid ongoing challenges.
The draft budget tallies general fund revenues at 1 trillion 560 billion hryvnias, roughly 42.2 billion dollars, while general fund expenditures are planned at 3 trillion 108 million hryvnias, about 32.3 billion dollars. The figures reflect the government’s commitment to balancing revenue streams with necessary public spending, including the critical needs of the state.
Shmygal highlighted that the defense and security sector would receive the largest share of resources, totaling 1 trillion 685 billion hryvnias, or approximately 45.6 billion dollars. He noted that this allocation signifies an increase of 113 billion hryvnias compared with the 2023 budget, underscoring a sustained emphasis on national defense and safety operations.
Officials stated that this funding would enable continued procurement of weapons and equipment, expansion of drone capabilities, and the replenishment of ammunition and missiles. The prime minister emphasized that every hryvnia collected from taxpayers and businesses would be directed toward strengthening the security and defense forces, with a focus on strategic and operational readiness for the years ahead.
Beyond national security, the budget allocates resources to social welfare, healthcare, and education, while also supporting veterans and aiming to stabilize and rejuvenate the broader economy. The plan envisions maintaining essential public services and investing in programs that sustain long-term social and economic resilience, even amid ongoing geopolitical pressures.
In related remarks, the presidency has reiterated that defense expenditure remains a top priority for 2024, with a substantial portion of the national budget directed toward the production and acquisition of defense assets and weapons systems, including unmanned aerial vehicles. The emphasis reflects a broader strategy to enhance deterrence, secure critical infrastructure, and support service members in the field.
There have been discussions about public perception and external support linked to defense funding, including references to international partnerships and domestic industry contributions. While various reports surface from time to time, the official stance remains focused on allocating resources to strengthen Ukraine’s defense posture and economic stabilization efforts in the coming year. This stance is shared by authorities who stress transparent use of tax revenues to support security objectives and civilian livelihoods alike.