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Ukraine approves record $35 billion defense budget increase for 2026

Ukraine approves record $35 billion defense budget increase for 2026

Ukrainian lawmakers approved a record $35 billion increase to the country's defense budget for 2026, the largest single-year boost since the war began. The vote came as the government locks in long-term military spending while fighting continues.

Why the increase

The additional funds are meant to strengthen Ukraine's armed forces as they defend against a full-scale invasion now in its third year. The $35 billion figure represents a major jump over previous budgets, though officials have not released a breakdown of how the money will be spent. The approval signals a commitment to maintaining a large, modernized military for the foreseeable future.

Parliament's decision

The budget amendment passed with a majority in the Verkhovna Rada. Lawmakers debated the size of the increase and its impact on other spending priorities before approving the measure. The government argued that the security situation leaves no room for cuts.

The budget will now go to the president for signature. Once enacted, the Ministry of Defense will allocate the funds across equipment, salaries, logistics, and new procurement programs. Ukraine also continues to negotiate with international partners for additional financial and military aid.

The final shape of the 2026 defense budget will depend on how the war evolves and on Ukraine's ability to generate tax revenue while managing wartime expenditures.