By KYIV. Oct 27 (Interfax-Ukraine) – President of Ukraine Volodymyr Zelensky has signed a law on increasing the state budget of Ukraine for 2022 by UAH 386.87 billion to finance the Armed Forces of Ukraine and other law enforcement agencies (bill No. 8126), the information department of the Verkhovna Rada administration reports.
According to the law, additional expenses will be financed by a corresponding increase in domestic borrowing – up to UAH 1.497 trillion.
The Ministry of Defense is to be allocated an additional UAH 365.16 billion (including UAH 219.13 billion for wages), the Interior Ministry – UAH 12.9 billion (UAH 5.84 billion), the SBU – UAH 3.74 billion (UAH 3.58 billion), the Defense Intelligence – UAH 3.17 billion (UAH 2.37 billion), the State Special Communications Service – UAH 1.25 billion (UAH 1.21 billion), the State Security Department – UAH 590 million (UAH 570 million), and the Foreign Intelligence Service – UAH 45 million.
The law provides for an increase in the ceiling of the state budget deficit to UAH 1.497 trillion, and the maximum size of public debt at the end of the year – up to UAH 4.034 trillion.
Currently, the revenues of the state budget-2022 are approved in the amount of UAH 1.553 trillion, including the general fund – UAH 1.211 trillion, while expenditures are respectively UAH 2.648 trillion, including the general fund – UAH 2.224 trillion.
Initially, in December last year, the revenues of the state budget-2022 were approved in the amount of UAH 1.324 trillion, including the general fund – UAH 1.183 trillion, which is respectively 9.7% and 12.2% more compared to the approved revenues of the state budget-2021.
