Policy Backgrounders
The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 

Geopolitics Hub

Policy Backgrounders

CED’s Policy Backgrounders provide timely insights on prominent business and economic policy issues facing the nation.

Ukraine War One Year Round-Up: The War and the US Budget

March 08, 2023

The US response to the Russian invasion of Ukraine has been a significant budget item in Fiscal Years 2022 and 2023. Including all relevant functions -- direct military aid to Ukraine, economic and humanitarian aid, support for frontline NATO members, and replenishment of US defense supplies -- Congress has appropriated a total of $113 billion in its response to the war in Ukraine. This includes provisions of four laws: the Ukraine Supplemental Appropriations Act (March 2022), the Additional Ukraine Supplemental Appropriations Act (May 2022), the Ukraine Supplemental Appropriations Act (September 2022), and the Additional Ukraine Supplemental Appropriations Act (December 2022). The last bill covers funding the remainder of Fiscal Year 2023 and was part of the omnibus appropriations legislation. All this spending counts as “emergency” spending not subject to regular appropriations provisions (in a similar manner to appropriated spending by FEMA for major natural disasters). In recent months, the level of funding has become more controversial in the US. In December, Ukraine addressed concerns over corruption: 15 officials, including the deputy infrastructure minister, the governors of five oblasts and the deputy prosecutor general, were removed or resigned in a purge of officials suspected of corruption, including corruption involving Western aid. The deputy defense minister and deputy head of the presidential office also resigned.

Explore More on this Topic

Filter By Center


Publications


Webcasts, Podcasts and Videos


Press Releases / In the News

hubCircleImage