KievUkraine’s authorities on Thursday proposed its first wartime tax hike to lift billions of {dollars} in new funding for weapons and army salaries because the struggle with Russia nears the 29-month mark.
At its weekly assembly, the federal government authorised draft adjustments to its 2024 finances regulation, rising protection spending by 495.3 billion hryvnias ($11.9 billion), authorities officers and lawmakers stated.
Ukraine has to date focused defence spending of round 1.7 trillion hryvnias by 2024. The adjustments nonetheless should be endorsed by parliament and signed by President Volodymyr Zelensky earlier than they arrive into pressure.
The federal government has additionally proposed elevating taxes and different duties, starting from a struggle tax paid by its residents to introducing further duties on some imports and elevating excise duties on gas.
“The complete-scale struggle is now in its third yr and the wants within the safety and defence sector are rising,” the Finance Ministry stated in an announcement.
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– 2024-07-23 07:14:18
