The government has established new financing rules for defense enterprises: who will receive funds.

According to inkorr.com: The Cabinet of Ministers of Ukraine has adopted resolution No. 1115, which regulates the financing of defense sector enterprises through a special budget program. This information is already available on the Government portal.

The document sets strict criteria for recipients of budget funds. The business entity must have a balanced financial plan for the current year, operate profitably for the last two years, and not have overdue debts on bank loans. It is also mandatory to have a license and special permit for activities related to state secrets.

Main areas of financing

The funds of the program are planned to be used for the following needs:

• carrying out research and development work;
• manufacturing and implementing special means and technologies;
• capital construction and reconstruction of defense facilities;
• elimination of the consequences of hostilities;
• restoration of production activities.

The purpose of the new order

The main goal of the innovations is to support and develop the Ukrainian defense industry in the context of an ongoing military conflict.

This resolution is an important step in strengthening the country's defense capability and ensuring stability in the defense sector. It is designed not only to help enterprises but also to support the overall economic development in the context of military challenges.