Economics

Figures of war: State budget expenditures from the beginning of the war have reached over UAH 2.2 trillion

In December 2022, cash expenses amounted to UAH 331. 7 billion, and in total, since the beginning of the war, more than a third of the state budget was spent on defense. Since the beginning of the full -scale invasion of the Russian army and by the end of 2022 the expenditures of the State Budget of Ukraine amounted to UAH 2. 2 trillion. At the same time a third of the money was paid to servicemen, the Ministry of Finance press service reports.

It is noted that in December cash expenses amounted to UAH 331. 7 billion. In general, since the beginning of a full -scale invasion of the Russian Federation, the funds have been distributed as follows: another UAH 132 billion has spent on servicing public debt, and UAH 106 billion for transfers to local budgets. 856. 8 billion UAH of taxes in 2022 was received to the State Budget of Ukraine, according to the article "Record growth of prices, devaluation, collapse of salaries.

The main figures of the economy of Ukraine-2022". The most monetary month, though strange, was March, when it was possible to raise UAH 120 billion. The reason: business to support the country under war, paid taxes in advance. However, compared to the peaceful 2021, tax revenues in 2022 decreased by 22. 6%. Ukraine received UAH 342. 5 billion from foreign countries and international organizations in 2022. International assistance was 23. 2% of the state budget revenues.

UAH 400 billion - the level of issue financing of the state budget deficit by the National Bank of Ukraine. The money was printed by redemption of the NBU of government bonds. In simple words, to finance the cost of war, the state had to turn on the printing machine. In peacetime, this would be unacceptable because the issue increases the risk of hyperinflation. In 2022, the country spent UAH 960 billion in 2022, which is 41. 9% of all state budget expenditures for 2022.