Ukraine’s parliament approves 2025 budget in 1st reading
Source: MP Yaroslav Zhelezniak/Telegram
Ukraine’s Verkhovna Rada has passed the draft state budget for 2025 in the first reading, with 247 MPs voting in favor, according to senior MP Yaroslav Zhelezniak.
The budget projects general fund revenues at 2.7 trillion hryvnias, an increase of 411 billion hryvnias compared to this year. Planned expenditures reach 3.6 trillion hryvnias, up by 535 billion. The budget will prioritizes security and defense needs, earmarking over 2.2 trillion hryvnias (about 26% of GDP). It is 46 billion hryvnias more than in 2024.
The budget also promises a 2.7% increase in real GDP for 2025, with an expected inflation rate of 9.5%. The estimated average annual exchange rate is set at 45 hryvnias to the US dollar, while the minimum wage is projected to remain frozen at 8,000 hryvnias a month.
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