Defense expenditures in Ukraine for 2024: analysis and basic facts
In 2023, defense spending in Ukraine amounted to UAH 1,843.8 billion. The general fund of the state budget was directed to the security and defense sector and included UAH 284.3 billion in December. This is 60.8% of the total amount of state budget expenditures.
Defense expenditures in Ukraine in 2023
Targeted use of funds
- Providing financial support to military personnel, rank and file, police officers.
- Expenditures for the purchase of military/special equipment, weapons, ammunition, defense products, personal protective equipment (helmets, body armor, and other special equipment), fuel and lubricants, food products.
- Provision of medical supplies.
- Other expenses necessary for the activity of relevant bodies and formations.
It is noted that the government finances expenditures on the security and defense sector exclusively through its own tax revenues and military bonds.
In early November 2023, the President of Ukraine Volodymyr Zelensky signed the Law "On the State Budget of Ukraine for 2024", in which the main priority there is the development of the defense sector.
Answers to the questions:
What defense expenditures were in Ukraine in 2023?
In 2023, expenditures of the general fund of the state budget on the security and defense sector in Ukraine amounted to 1,843.8 billion hryvnias. This is 60.8% of the total amount of expenses of the general fund of the state budget.
What goals were provided by these defense expenditures in Ukraine?
The funds were directed to the financial support of military personnel, the purchase of military/special equipment and weapons, medical support, as well as other types of expenses to ensure the activities of the relevant bodies and formations
How is the security and defense sector financed in Ukraine?
The Government of Ukraine finances the expenses of the security and defense sector exclusively through its own tax revenues, as well as military bonds.
Additional information:
- Ministry of Finance of Ukraine
- Volodymyr Zelenskyi
- State budget of Ukraine for 2024
More information is contained in message of the Ministry of Finance of Ukraine.
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Ukraine's total defense spending in 2023 amounted to 1,843.8 billion hryvnias, and this article presents the main details and analytical overview.
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