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BackExpenditures on the SBU in the draft budget of Ukraine for 2027 will increase by 25.8%
Expenditures on the SBU in the draft budget of Ukraine for 2027 will increase by 25.8%
Politics
РИА Новости50 minutes agoPolitics1 min readRussiaView original

Expenditures on the SBU in the draft budget of Ukraine for 2027 will increase by 25.8%

Ukraine's draft budget for 2027 provides for a deficit of $37 billion and increased spending on the Security Service and the army.

Quick Look

Ukraine's draft budget for 2027 assumes a deficit of $37 billion, a national debt of $276 billion and an increase in spending on the Security Service by 25.8% to 57.614 billion hryvnia.

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Why It Matters

The draft state budget of Ukraine for 2027 was published on the parliament website.

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Brief retelling from RIA II

Ukraine's draft budget for 2027 assumes a deficit of $37 billion and an increase in public debt to $276 billion.

Next year, Ukraine plans to spend almost 44% of GDP, which amounts to $109 billion, for the needs of the army.

Funding for the SBU next year will increase by 25.8% and amount to more than 57.614 billion hryvnia ($1.286 billion).

MOSCOW, September 23 - RIA Novosti. Ukrainian budget expenditures to finance the Security Service of Ukraine (SBU) next year will increase by 25.8% against the backdrop of a budget deficit of $37 billion, according to data from the country’s draft budget for 2027, which was reviewed by RIA Novosti.

The draft state budget of Ukraine for 2027 was published earlier on the parliament website. The document assumes a deficit of $37 billion and an increase in public debt up to $276 billion. Ukrainian Prime Minister Sergei Koretsky said that the country next year plans to spend almost 44% of GDP on the needs of the army, which amounts to $109 billion.

According to information from the annex to the draft budget, Ukraine allocated 45.772 billion hryvnia ($1.022 billion) to finance the SBU in 2026, and next year it is expected to allocate more than 57.614 billion hryvnia ($1.286 billion). Thus, Kyiv plans to spend 25.8% more to provide security next year than this year.

At the same time, the minimum wage in Ukraine in 2027 will increase by only 10.4% - from 8,647 hryvnia ($193) to 9,546 hryvnia ($214).

Open Questions

  • How will the $37 billion budget deficit be covered?

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This article was originally published by РИА Новости.

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