The government at an extraordinary meeting on March 13 supported the bill on increasing state budget expenditures by UAH 537 billion. This was reported by the press service of the Cabinet of Ministers.

It is proposed to allocate over UAH 518 billion additionally to the security and defense sector and increase the reserve fund by another 19 billion.

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Thanks to the proposed changes to the budget, the total resource for the security and defense sector will amount to 1 trillion 670 billion hryvnia, which is 26.6% of GDP.

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The bill provides for an increase in the expenditures of the general fund of the state budget by UAH 537.2 billion, including:.

for the security and defense sector - UAH 518.2 billion, of which UAH 477.2 billion - remuneration with accruals, special equipment and machinery - UAH 30.2 billion, other expenses - UAH 10.8 billion;

for the reserve fund - 19.0 billion. hryvnia;

In terms of income, the sources of covering these expenses in the amount of UAH 60.7 billion are, in particular, the following revenues:.

with personal income tax in the amount of UAH 36.5 billion;

from dividends (income) accrued on shares (stakes) of business entities, in the authorized capital of which there is state property for 19.

0 billion. hryvnia;

It also provides for an increase in financing of the general fund of the state budget for debt operations in 2023 by 419.3 billion. UAH; , in particular, increased the volume of government borrowing.

Earlier it was reported that the fall in gross domestic product in February 2023 slowed down and amounted to 26%, which is better than in January - 32%.. One of the main reasons was the reduction in the duration of power outages.