Business news from Ukraine

Business news from Ukraine

Biden signs US defense budget

23 December , 2023  

US President Joe Biden has signed the National Defense Authorization Act, which provides a record $886 billion for defense needs in fiscal year 2024, the White House said in a statement on Friday, December 22.
“The law authorizes appropriations for the fiscal year primarily for the Department of Defense, national security programs of the Department of Energy, the Department of State, and the intelligence community. The law provides the critical authority we need to build the armed forces needed to deter future conflicts, and supports the service members, their spouses and families who carry out this mission every day,” the statement said.
As reported, on December 14, the US Senate approved a $886 billion defense bill, according to which a new position of special inspector general is to be created to monitor the use of military aid by Ukraine.
It was also reported that the Senate version of the budget included $300 million for Ukraine.

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