Ukraine approves 2022 state budget

Source: Xinhua| 2021-12-02 23:09:16|Editor: huaxia

KIEV, Dec. 2 (Xinhua) -- The Ukrainian parliament adopted the country's 2022 state budget on Thursday, setting a deficit at 3.5 percent of the gross domestic product.

The budget, passed by 268 lawmakers in the 450-seat assembly, is expected to reach about 1.322 trillion hryvnias (about 48.55 billion U.S. dollars) in 2022, while state expenditures will amount to 1.497 trillion hryvnias (about 54.98 billion dollars).

Meanwhile, the country's defense spending in 2022 will reach about 323.1 billion hryvnias (about 11.87 billion dollars).

While addressing the parliament, Finance Minister Serhiy Marchenko noted that the expenditures on infrastructure development, healthcare, education and sports will increase next year. Enditem

KEY WORDS: Ukraine Budget 2022