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You're reading: Faced with war, parliament approves emergency laws to raise $1 billion
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Their passage also pave the way for receiving a second installment worth $1.4 billion from the International Monetary Fund as part of a two-year, $17 billion bailout package.

Specifically $791 million will go toward military operations, and $166 million for restoring infrastructure in Donetsk and Luhansk oblasts. As a result, the government’s annual budget deficit is expected to remain unchanged at $5.75 billion, or 4.6 percent of gross domestic product. Revenue and spending, however, increased slightly to $31.5 billion and $37 billion, respectively.

The provisions came partially at the expense of the oil and gas, metals and mining and agricultural sectors, as well as salary earners.

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