US lawmakers allocated $300 million for military aid to Ukraine in the draft defense budget for fiscal year 2024 (began on October 1), Paralel.Az reports citing TASS.

The 3,000-page draft National Defense Authorization Act for Fiscal Year 2024 was published on Thursday.

The funds will be allocated as part of the security assistance initiative. It implies that weapons, ammunition and equipment will be supplied under US Department of Defense contracts with arms makers rather than directly drawn from Pentagon’s own coffers. It is planned that another $300 million will be allocated for the purpose in fiscal year 2025.

The overall defense budget will stand at record-high $886 billion, up 3% since last year.