German draft supplementary budget adds US$1.1 billion for development ministry in response to Ukraine war

On April 27, 2022, the German government approved a draft supplementary budget worth €26.3 billion (US$29 billion) that addresses the impacts of the war in Ukraine, which complements the original draft budget for 2022, worth €457.6 billion (US$504.4 billion). The draft supplementary budget includes additional funding amounting to €1.0 billion (US$1.1 billion) for the Federal Ministry for Economic Cooperation and Development (BMZ), both to support Ukraine directly and to mitigate the consequences of the war for low- and middle-income countries and emerging economies.

According to the Minister for Economic Cooperation and Development, Svenja Schulze, roughly half of the US$1.1 billion in additional funding will be used to respond to the global food crisis caused by the current war in Ukraine.

In the upcoming weeks, the parliament will debate both the original budget draft and the draft supplementary budget. A final decision on both budgets is expected in the beginning of June of 2022.

Press release – Federal Ministry for Economic Cooperation and Development (in German)

News article – Evangelische.de (in German)