ZELENSKY’S $56BN PROBLEM: Factories Shut, Tax Revenues Collapse as Russia Strikes | Times Now World

By Times Now World

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Ukraine is facing its biggest budget crisis since Russia’s full-scale invasion as intensified Russian drone and missile strikes damage factories, ports, railways and businesses while the cost of fighting continues to rise. Ukraine needs $56 billion to cover this year’s funding gap, including $27 billion for military spending, while the cost of one day of fighting has risen to $190 million, according to parliament budget committee chief Roksolana Pidlasa. Kyiv has already spent more than $44 billion on defence this year while collecting about $42 billion in tax revenue. Prime Minister Sergii Koretskyi says $29.5 billion in foreign aid is at risk because of delayed reforms. Ukraine is also facing an estimated funding gap of more than $32 billion next year as Kyiv proposes a record $110 billion defence budget. #ukraine, #russia, #zelensky, #ukrainewar, #russiaukrainewar, #ukrainecrisis, #ukrainemoneycrisis, #ukrainianeconomy, #russiaukraine, #ukrainedefence, #russianstrikes, #russianmiss

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