The order provides for the allocation of 10 billion hryvnias from the reserve fund of the state budget for the procurement of defense equipment through the State Enterprise ‘Defense Procurement Agency’. The funds are allocated on a non-refundable basis. The document consists of three main points: 1) reallocation of funds from the state debt servicing program to the reserve fund; 2) allocation of funds to the Ministry of Defense; 3) establishing requirements for expense list approval and reporting. Key provisions for implementation:
– The Ministry of Finance must amend the state budget schedule;
– The Ministry of Defense must coordinate the list of expenses with the Ministry of Economy and Ministry of Finance within 3 days;
– By December 28, 2024, the Ministry of Defense must report on the use of funds to the Ministry of Economy, Ministry of Finance, and State Treasury.
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