Ukraine’s Finance Minister Sergey Marchenko has admitted to a major military budget crisis, revealing a projected shortfall of over $12 billion in 2025. Marchenko says Kyiv underestimated war costs amid rising weapons demand, battlefield unpredictability, and uncertain foreign aid. Funds meant for soldier salaries were redirected to urgent defense needs. With tax hikes ruled out, Ukraine will rely on borrowing to stay afloat, even as Western loans mount and future aid remains uncertain—echoing Putin’s past warning on Kyiv’s financial dependence.
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