The volume of state financing of the rocket and space industry of Ukraine in 2019 should amount to Hr 2.13 billion, which is 14 percent less compared to 2018.
These parameters are stipulated in the country’s main financial law for 2019, which has been posted on the Verkhovna Rada’s website.
State financing for the space industry from the general fund of the national budget of 2019 will amount to Hr 2.12 billion (99.5 percent of the budget).
In the total amount of funding for the industry through the general fund, Hr 1.47 billion (69 percent of the industry budget) should be used for servicing debt obligations on the loan raised under state guarantees for the implementation of the project “Creating the National Satellite Communications System.” In 2018, some Hr 1.55 billion (62.5 percent) was foreseen for this purpose.
Some Hr 78.5 million is foreseen for carrying out work on state targeted programs and government orders in the space industry in 2019, which is 9.8 percent less than in 2018, while Hr 344.8 million will be spent on management and testing space vehicles, or 14% less compared to 2018.
