Parliament backs draft bill to boost defence spending by 1.64 trillion UAH

Parliament backs draft bill to boost defence spending by 1.64 trillion UAH

Photo: Getty Images

Ukraine’s parliament has adopted a draft law №15224 in the first reading, which provides for a significant increase in state budget expenditures on security and defence, financed in part through support from the European Union.

The decision was supported by 240 Members of Parliament. The bill foresees a total increase in state budget spending of 1.64 trillion hryvnias.

According to the document, the additional funds will be directed toward the procurement and modernization of weapons, financial support for servicemembers, protection of energy infrastructure, and replenishment of the state reserve fund.

The draft law outlines a 1.56 trillion UAH increase in national security and defence expenditures, including both general and special funds.

Within the general fund (an increase of 36.8 billion UAH), allocations include:

  • 1.55 billion UAH for the Ministry of Defence (including the State Special Transport Service);
  • 16.4 billion UAH for the Ministry of Internal Affairs system, including the State Border Guard Service and National Guard;
  • 2.47 billion UAH for the Security Service of Ukraine;
  • 1.8 billion UAH for the Defence Intelligence of Ukraine;
  • 14.58 billion UAH to increase the security and defence reserve fund.

Within the special fund (1.523 trillion UAH), the main allocations include:

  • 174.2 billion UAH for servicemembers’ salaries (including contributions);
  • 1.371 trillion UAH for the development of weapons and military (special) equipment.

The bill also proposes:

  • an increase of 40 billion UAH to the reserve fund to ensure financing of unforeseen needs under martial law, including emergency response to consequences of Russia’s armed aggression;
  • an additional 40 billion UAH for implementing regional and city resilience plans aimed at countering threats, ensuring energy security, and maintaining stability during the 2026/27 autumn-winter period.

Ukraine continues to gradually shift from importing weapons to developing and producing its own high-tech systems, with a focus on missiles and drones. It is also reported that Ukraine currently produces about three “Flamingo” missiles per day, with plans to increase output after transitioning to domestically produced engines.

banner

SHARE NEWS

link

Complain

like0
dislike0

Comments

0

Similar news

Similar news

Photo: Getty Images Some residents of Kyiv may remain without electricity for most of Saturday, October 31. Certain outage groups are scheduled to receive as little as two hours of power during the

Photo: Getty Images Ukraine’s Verkhovna Rada has approved the draft state budget for 2027 at first reading, with 239 lawmakers voting in favor. The document was prepared to reflect the realities of

Photo: depositphotos Ukraine’s National Bank set the official exchange rate at UAH 45.5382 per US dollar for Tuesday, October 27, marking a second consecutive day of record lows for the hryvnia. The

Photo: EPA The US president expressed hope that Kyiv and Moscow would reach a peace agreement. US President Donald Trump said on Saturday, October 24, that Washington would be ready to do busines

Photo: Getty Images Ukrainian President Volodymyr Zelenskyy has signed laws introducing taxation on international parcels and requiring online platforms to report users’ income to tax authorities, a

Photo: depositphotos Food prices in Ukraine are expected to rise further by the end of autumn, with some products potentially becoming up to 20% more expensive. Dairy products, vegetables and bread

Photo: Getty Images Slovakia will send a delegation to Moscow to discuss expanding supplies of Russian oil and gas, despite the European Union’s plan to phase out Russian energy imports entirely, Re

Photo: depositphotos Ukraine recorded 1,293 insolvency cases involving individual entrepreneurs in the first nine months of 2026, a 37% increase compared with the same period last year, according to