war on the battlefields of ukraine: budget spending breaks records
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on september 22, ukrainian president volodymyr zelensky signed a new bill to increase military spending by 500 billion hryvnias (about $12 billion) for the war against the russian invasion. the new bill, passed by parliament, will provide the ukrainian army with more resources to deal with the upcoming war. the additional budget spending will be financed through loans, taxes, and increased tobacco and fuel tariffs.
this is not just the extra expenses caused by the war, but also represents the ukrainian government's profound attitude towards the war. on the 18th, the ukrainian verkhovna rada (parliament) passed a supplementary budget to cope with the ongoing war. this move will increase budget expenditures by about 13% to about $90.5 billion. this is a record budget expenditure in ukraine's history, reflecting the huge impact of the war on the country's economy.
ukraine has been through a long war in recent years, and the ukrainian government has been working hard to cope with the challenges brought by the war since the russian invasion in february 2022. they have achieved some success, obtaining more than $98 billion in financial aid to provide living space for the war. however, the war lasted for nearly two and a half years and had a huge impact on ukraine's economic and social development, especially the pressure brought about by the increase in budget expenditures.
the economic strain of the war, and the actions the ukrainian government has taken in response to it, show the impact of war on the world and how it can change the fate of countries and their economies.