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ukraine increases military spending to pay frontline soldiers' allowances

2024-09-22

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reference news reported on september 22according to a report by deutsche presse-agentur on september 21, ukrainian president zelensky signed a new bill to increase military funding to counter the russian offensive. the bill had previously been passed by parliament.

according to reports, local media reported on the 21st that the new bill will increase military spending by 500 billion hryvnias (about 12 billion u.s. dollars). the funds required for this additional expenditure will be raised through loans, taxes, and increased tobacco and fuel tariffs, and are intended to be used to pay allowances for frontline soldiers this month.

according to reports, the ukrainian verkhovna rada (parliament) passed a supplementary budget on the 18th to cope with the ongoing war. this will increase budget spending by about 13% to about $90.5 billion. for ukraine, this is a record budget expenditure.

the report pointed out that ukraine has been resisting russia for more than two and a half years. ukraine said that since the war broke out in february 2022, it has received more than $98 billion in financial assistance from abroad. (compiled by guo jun)