Ukraine’s parliament on February 7 approved the amendments State budget in 2023, increase spending to support small businesses and pump more money into military conflict reconstruction and recovery projects.
Roksolana Pidlasa, Chairwoman of the National Assembly Budget Committee, said spending has been increased by 5.5 billion hryvnia ($150 million). The increase includes funding and modernization of hospitals in the capital Kiev and the western city of Lviv, and rebuilding damaged bridges in the region. conflict with Russia.
[Ukraine “gánh” nợ công lên tới gần 18 tỷ USD trong năm 2023]
The revised budget also earmarks 1.28 billion hryvnia to further support small businesses in the industry processing industry and state guarantees for loans in the agricultural sector.
Nearly a year of conflict with Russia has wreaked havoc on Ukraine’s public finances, leading to double-digit inflation, soaring unemployment, plummeting exports, and a massive loss of tax revenue.
Ukraine’s budget deficit this year is expected to be around $38 billion. The government plans to cover the deficit with Western aid. Kiev received 155.24 billion hryvnia in foreign aid last month.
(Vietnam+)
