The government has approved the draft state budget for 2025. The budget will be deficit again, and given the continuation of the full-scale war, more than half of the expenditures will be spent on national security and defence.
Revenues and expenditures of the draft budget for 2025
The state budget revenues are envisaged at UAH 2 trillion 336 billion, while expenditures are estimated at UAH 3 trillion 938 billion (+19% compared to the current year).
2025: the Cabinet of Ministers' forecast for GDP growth, inflation and the dollar exchange rate
Ukraine's real GDP may grow by 2.7% in 2025, according to the explanatory note to the draft budget. This is a slowdown in growth: in 2023, GDP grew by 5.3%, and this year it is expected to grow by 3.5%.
Minimum wage and subsistence level in the draft state budget-2025
Next year, the government proposes to freeze the minimum wage at UAH 8,000. ‘The specified minimum wage ensures the achieved level of this guarantee, taking into account its significant increase in 2024 (an increase of 16 per cent compared to 2023),’ the explanatory note says.
State budget expenditures: what will be a priority in 2025
According to the Cabinet of Ministers, spending on the security and defence sector in 2025 will increase to UAH 2 trillion 223 billion, which is 26.3% of the country's projected GDP. The expenditures include cash, material and food supplies for the military, the purchase of weapons, military equipment and support for the defence industry.
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Revenues and expenditures of the draft budget for 2025
The state budget revenues are envisaged at UAH 2 trillion 336 billion, while expenditures are estimated at UAH 3 trillion 938 billion (+19% compared to the current year).
2025: the Cabinet of Ministers' forecast for GDP growth, inflation and the dollar exchange rate
Ukraine's real GDP may grow by 2.7% in 2025, according to the explanatory note to the draft budget. This is a slowdown in growth: in 2023, GDP grew by 5.3%, and this year it is expected to grow by 3.5%.
Minimum wage and subsistence level in the draft state budget-2025
Next year, the government proposes to freeze the minimum wage at UAH 8,000. ‘The specified minimum wage ensures the achieved level of this guarantee, taking into account its significant increase in 2024 (an increase of 16 per cent compared to 2023),’ the explanatory note says.
State budget expenditures: what will be a priority in 2025
According to the Cabinet of Ministers, spending on the security and defence sector in 2025 will increase to UAH 2 trillion 223 billion, which is 26.3% of the country's projected GDP. The expenditures include cash, material and food supplies for the military, the purchase of weapons, military equipment and support for the defence industry.
Read more: link