Ukraine’s 2025 budget includes $1.3 billion for weapons production, minister says  

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Ukraine’s Includes $1. Billion Weapons Production

The government has allocated Hr 55 billion ($1.3 billion) for weapons production in its 2025 budget.

This comes after Russia invaded in , prompting the country to develop its defense production capabilities.

In addition to the funds for weapons production, Hr 54.55 billion ($1.3 billion) will be spent on developing new technologies and expanding defense production capacity.

The 2025 budget figure is almost Hr 3.5 billion ($84.4 million) higher than in .

A of affordable loans for defense companies will also receive additional $500 million. This program, created in 2024, allows manufacturers to borrow money at a 5% annual interest rate. The state budget will cover all interest payments.

The Ukrainian Cabinet has approved the draft budget for 2025. The government expects Hr 2 trillion ($48.2 billion) in revenue and plans to spend Hr 3.6 trillion ($86.8 billion).

About 26.3% of Ukraine’s projected gross national product (GDP) is planned for expenditures, totaling Hr 2.2 trillion ($53 billion).

The has passed the first reading of the proposed budget for Ukraine 2025. The budget law will go through further discussion before a final vote on December 1.

Note: All conversions are approximate and based on current exchange rates.

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