The Ministry of Finance explains the importance of the historic tax increase. All the tax revenue in the state budget is directed to the security and defense sector, but even that is not enough. The Ministry of Finance noted that the balance is covered through other sources, in... #BudgetDeficit #DefenseSpending #TaxesUkraine #UkraineBudget2024 #UkraineEconomy
External aid to Ukraine in August exceeded the monthly state budget expenditure by 100% but only partially covered for previous financing shortfalls. According to the Center for Economic Strategy, aid from international partners amounted to $8.5B in August. In particular, $4.5B was provided by the European Union ($1.6B in grants, the rest soft loan... #BudgetDeficit #financialaidforUkraine #GrantsforUkraine #SupportUkraine #UkraineBudget2024
The IMF pushes Ukraine to raise taxes and depreciate the hryvnia, with $1.1B in new financial aid at stake. Ukrainian officials expect the IMF this week to push the country toward faster currency devaluation, lower interest rates, and to increase tax collection efforts to close the country’s budget de... #BudgetDeficit #financeUkraine #hryvniadevaluation #imf #nbu #UkraineBudget
The Ukrainian parliament proposes an alternative plan to cover the ₴500B defense deficit. The budget committee of the Verkhovna Rada proposed and provided support for its solution to raise funds for the Defense Forces: reducing debt expenditures, placing bonds, and exceeding the tax collec... #BudgetDeficit #UkraineBudgetDuringWar #UkraineBudgetNeeds
Ukraine may not be able to find an additional ₴500B for defense needs. Even with a proposed radical tax increase, Ukraine may not fully overcome the fiscal gap that must be closed for effective and timely financing of its military needs. Analysts from RRR4U think tanks h... #BudgetDeficit #DefenseSpending #financialaidforUkraine #UkraineBudget2024 #UkraineDefensePurchases
Ukraine lacks ₴500B to finance planned expenditures this year, although the financial sector has increased tax payments by 170%. According to the head of the Budget Committee, Roksolana Pidlasa, to finance the necessary expenses, the state budget for 2024 lacks about ₴400-500B ($10-12B). The question of funding the state budget... #BudgetDeficit #RoksolanaPidlasa #TaxesUkraine #UkraineBudget2024 #UkraineBudgetRevenue
The parliament explains how Ukraine could cover its budget deficit. Due to military expenses, a deficit has formed in the state’s budget. Ukraine spent 43% of the planned annual defense budget in just four months. According to the Chairman of the Parliament’s Fi... #BudgetDeficit #DanyloHetmantsev #UkraineBond #UkraineBudget2024 #WarExpensesUkraine
Ukraine’s economic growth will slow to 3% this year, and the budget deficit will reach 20.7% of GDP. “The National Bank of Ukraine predicts that economic growth will slow to 3% in 2024 due to the loss of energy infrastructure and an expected electricity deficit of about 5%. In 2025-2026, GDP growth w... #BudgetDeficit #GDPinUkraine #InflationinUkraine #nbu #UkraineBudget2024 #ukrainedebt #UkraineEconomy
Unpopular decisions must be made: How does Ukraine plan to get along without US aid? If Ukraine does not receive $11.2B in budget support from the US (as part of a $60B aid package), the consequence will be difficult, unpopular decisions by the Ukrainian government, noted the head of ... #BudgetDeficit #DanyloHetmantsev #financialaidforUkraine #hryvniadevaluation #UkraineBudget2024 #USaidforUkraine
Ukraine has increased its budget revenues, but the deficit reaches 34% of all revenues. From January 1 to February 8, budget revenues increased by 26.9% compared to last year, the NBU reported. Without international financial aid, they increased by 60% due to a 70% increase in tax revenu... #BudgetDeficit #financeUkraine #nbu #TaxesUkraine #UkraineBudget2024 #UkraineBudgetRevenue #UkraineEconomy
The EU is looking for ways to finance the Ukrainian budget deficit next year, and Ukraine is expecting to receive more than $30B in funding. The EC is considering all possible options to finance and support Ukraine but hopes that the EU Council will approve the Ukrainian Fund, which will provide funds to Kyiv from 2024 to 2027, said Execut... #BudgetDeficit #DenysShmyhal #UkraineBudget #ValdisDombrovskis
Ukraine’s budget deficit next year might reach $30B. The Ministry of Finance predicts a 2023 state budget deficit at between $25B and $30B, reported Forbes. As Finance Minister Serhii Marchenko noted , $30B is the amount Ukraine hopes to receive from in... #BudgetDeficit #SerhiyMarchenko
Ukraine needs $9B every month to cover the budget deficit. According to President Zelenskyy’s adviser, Ukraine needs $9B monthly to cover the budget deficit, which is almost twice as much as previously requested. Earlier, the Ministry of Finance stated... #BudgetDeficit #UkraineBudget #UkraineBudgetDeficit
Foreign funds cover only half of Ukraine’s budget deficit. According to the Ukraine Ministry of Finance, funds from the international community in March-June covered only half of Ukraine’s budget needs of $22B. Out of the $22B needed to cover the budge... #BudgetDeficit #UkraineBudget2022 #UkraineBudgetDuringWar
Ukraine’s state budget deficit at $ 8 B a month. In an interview with The New Yorker, Ukraine’s economic adviser Oleh Ustenko estimated Ukraine’s budget deficit at about $8B a month. Previously, Finance Minister Serhiy Marchenko had fore... #BudgetDeficit #StateBudget #UkraineBudget #War
Ukraine seeks $50B to cover the budget deficit. Ukraine has asked the G7 nations for $50B in financial support and is also considering issuing 0% coupon bonds to help it cover a war-linked budget deficit over the next six months, the president̵... #BudgetDeficit #ukraine #UkraineBudget #War
Ukraine’s state budget deficit might be as much as $5-7 B a month. The Ministry of Finance forecasts an increase in Ukraine’s state budget deficit from $2.7B in March to $5-7B in April and May, stated Finance Minister Serhiy Marchenko in an interview with the F... #BudgetDeficit #StateBudget #UkraineBudget
NBU expects a state budget deficit of 2021 at 4% of GDP . The National Bank of Ukraine expects the state budget deficit for 2021 at the level of 4% of GDP with 5.5% of GDP planned in the law on the state budget and its additional financing of UAH 40 bln ($... #BudgetDeficit #UkraineBudget2022 #UkraineStateBudget
The 2021 state budget deficit will be ₴170 bln ($ 6.46 bln) with an annual plan of ₴220 bln ($8.36 bln). The announcement was made by the Head of the Center for Analysis of Public Finances and Public Administration of the Kyiv School of Economics, Daryna March... #BudgetDeficit #UkraineBudget #UkraineBudgetDeficit
