The Ministry of Finance explains the importance of the historic tax increase. All the tax revenue in the state budget is directed to the security and defense sector, but even that is not enough. The Ministry of Finance noted that the balance is covered through other sources, in... #BudgetDeficit #DefenseSpending #TaxesUkraine #UkraineBudget2024 #UkraineEconomy
The EU is spending insufficiently on its defense as a whole, but Poland will allocate a record amount to this sector next year. The European Court of Auditors claims that the €1.5B budget planned by the EU for the development of the defense industry, as well as two years of other spending, is insufficient in the face of the ch... #DefenseSpending #EUdefense #NATO #Poland #WarinUkraine
Ukraine may not be able to find an additional ₴500B for defense needs. Even with a proposed radical tax increase, Ukraine may not fully overcome the fiscal gap that must be closed for effective and timely financing of its military needs. Analysts from RRR4U think tanks h... #BudgetDeficit #DefenseSpending #financialaidforUkraine #UkraineBudget2024 #UkraineDefensePurchases
The AmCham condemns the government’s initiatives to increase corporate income taxes. The American Chamber of Commerce in Ukraine (AmCham) called on Ukrainian authorities to strengthen their fight against Ukraine’s shadow economy before increasing the tax burden on honest taxpaye... #AmChamUkraine #DefenseSpending #TaxesUkraine #UkraineBudget2024
The Ministry of Defense explained where the additional almost ₴500B from the state budget will be allocated. In a draft law on increasing state budget expenditures in 2024 approved by the Cabinet of Ministers, which the parliament must approve, financial support for the security and defense sector is expecte... #DefenseIndustryUkraine #DefenseSpending #UkraineBudget2024 #WarinUkraine
The government proposes increasing budget expenditures by more than ₴500B and raising taxes to obtain an additional ₴140B. Ukraine’s government approved changes to the state budget that include a proposed spending increase of ₴500.3B, of which ₴495.3B would be directed to the security sector and defense. The head of... #DefenseSpending #ExciseTaxesOnFuel #RoksolanaPidlasa #TaxesUkraine #UkraineBudget2024
The UK’s new government announces its ongoing support for Ukraine, and Germany approves a 2025 draft budget with less aid for Ukraine. The King of the United Kingdom, Charles III, delivered a speech about the new Labour Party government’s program, which also mentioned Ukraine. Charles III emphasized London’s “unshak... #CharlesIII #DefenseSpending #Germany #GreatBritain #MilitaryAidforUkraine #SupportUkraine
The US will insist that all NATO countries allocate 2% of their GDP to defense and work on increasing interoperability. The US will insist that each NATO member state spend at least 2% of GDP on defense, said House Speaker Mike Johnson. “This week I will meet with the delegations from NATO countries, and I will r... #DefenseSpending #JensStoltenberg #MikeJohnson #NATO #WarinUkraine
The German Ministry of Defense is asking the Ministry of Finance to allocate an additional €4B for the supply of weapons to Ukraine. The head of the German Ministry of Defense, Boris Pistorius, is convinced that an additional €4B should be allocated from the budget to support Ukraine this year. About €7B has been allocated this yea... #BorisPistorius #ChristianLindner #DefenseSpending #Germany #LeopardBattleTanks #MilitaryAidforUkraine #WeaponsforUkraine
Britain plans to increase its defense spending to 2.5% of GDP, and Germany is unhappy with its military spending. The new Prime Minister of the UK, Keir Starmer, has promised to increase the country’s defense spending to 2.5% of its economic output. He noted that this would become possible as soon as “... #BorisPistorius #DefenseSpending #Germany #GreatBritain #KeirStarmer #NATO