The receipt of international aid lags behind the needs of the Ukrainian budget. The head of a specialized parliament committee, Danylo Hetmantsev reported that $37.43B was received from international partners to finance state budget expenditures this year, including $2B in Novemb... #DanyloHetmantsev #financialaidforUkraine #SupportUkraine #UkraineBudget #UkraineBudgetDeficit
Ukraine’s state debt risks exceeding ₴5 trillion and will amount to 90% of GDP. As of October 31, Ukraine’s state and state-guaranteed debt amounted to ₴4.96T. According to November’s results, the national debt will probably exceed the ₴5T mark, having increased by ₴2.3T (+... #DanyloHetmantsev #GDPinUkraine #UkraineBudget #UkraineEconomy #UkraineStateDebt
The World Bank supplies$400M for the Ukrainian budget, and the EBRD provides €200M for gas purchases. The state budget of Ukraine received a $400M loan under Great Britain’s guarantee through the World Bank Trust Fund. The funds are part of the fifth financing round of the PEACE in Ukraine project. Th... #ebrd #LoansForUkraine #Naftogaz #PeaceInUkraine #UkraineBudget #worldbank
Processing enterprises paid the most taxes for 10 months of the year. According to Ukraine’s Tax Service, such enterprises paid 18% of the total tax to the Consolidated Budget of Ukraine. Also, significant tax contributions were provided by: Wholesale and retail t... #ProcessingPlantUkraine #TaxesUkraine #UkraineBudget
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
The Ukrainian Treasury lost ₴45M in the first month after introducing a flexible exchange rate. The State Treasury’s hryvnia revenues from the sale of foreign currency following the abolition of the fixed dollar exchange rate were ₴45.18M less than they could have been if the exchange rate had r... #CurrencySale #dollarexchangerate #financeUkraine #UkraineBudget
The White House is asking Congress to approve nearly $12B in Ukrainian budget aid. US Treasury Secretary Janet Yellen, Defense Secretary Lloyd Austin, Secretary of State Antony Blinken, and Director of the US Agency for International Development Samantha Power urged Congress to appr... #JanetYellen #UkraineBudget #UkraineBudgetDeficit #USfinancionaidforUkraine #USsupportsUkraine
By the end of the year, Ukraine needs to attract more than $9B in international aid, which will decrease in 2024-2025. The amount of international financial aid that Ukraine has received this year will exceed $45B, but in the next two years it will gradually decrease to $38.5B and $25B, respectively, the NBU predicts.... #financialaidforUkraine #imf #nbu #SupportUkraine #UkraineBudget
Without international financial support, Ukraine will face a $29B budget deficit next year, and the EU will also suffer. The Ukrainian Minister of Finance, Serhiy Marchenko, emphasized the importance of maintaining macroeconomic stability because Ukraine may also face an economic crisis and additional military conflict.... #financialaidforUkraine #SerhiyMarchenko #SupportUkraine #UkraineBudget #UkraineBudgetDeficit #UkraineFacility
The government specifies 2023 macroeconomic indicators for GDP and the hryvnia exchange rate. The Cabinet of Ministers approved the draft of the 2024 State Budget for the second reading. The revenue has been increased by ₴22.2B compared to the first reading and is foreseen at ₴1.768 trillion. ... #GDPinUkraine #hryvniaexchangerate #UkraineBudget #UkraineEconomy
In September, Ukraine attracted $2.8B in grants and preferential financing from its international partners. Grant funds comprised more than 40% of the total volume of financial assistance. Among the donors in October 2023 were the EU with $1.6B (concessional financing) and the US with $1.15B (grant). Funds ... #financialaidforUkraine #GrantsforUkraine #PeaceInUkraine #SupportUkraine #UkraineBudget
How much debt should Ukraine pay off by 2049? Over the next 25 years, Ukraine must pay off more than ₴7T in external and internal debt (in the equivalent). It is worth noting that the Ministry of Finance’s current plans will most likely be adjust... #UkraineBudget #ukrainedebt #ukraineexternaldebt #UkraineInternalDebt
The European Commission’s proposal to increase the common budget by €100B for 2021-2027 was resisted by EU members. According to the FT, half of the total amount, €17B in grants and €33B in loans, is intended for Ukraine. There is almost unanimous agreement within the bloc on this matter, although some countries ha... #EUbudget #EuropeanCommision #financialaidforUkraine #UkraineBudget
Where is Ukraine’s revenue coming from this year? The primary sources of funding for Ukraine’s 2023 state budget are Ukraine’s international partners, former members of the National Bank Council Bohdan Danylyshyn said, based on data from the Mi... #BohdanDanylyshyn #financialaidforUkraine #UkraineBond #UkraineBudget
Since introducing the “Google tax” in Ukraine, the state budget has received ₴10.2B. According to a special committee of the Ukrainian Parliament, 98 non-resident providers of digital services have paid this tax in Ukraine. They paid ₴4.3B in 2022 and ₴5.9B in 2023 (as of October 1). ... #Google #GoogleTax #OnlyFans #TaxesinUkraine #UkraineBudget
The EU will provide Ukraine with €4.5B by the end of the year, while Ukraine hopes for another $2.3B from the US. The EU has become Ukraine’s largest donor in 2023, with €13.5B already allocated as part of a macro-financial aid instrument, and expects to provide additional funding for the Ukrainian budget b... #DenysShmyhal #financialaidforUkraine #PaoloGentiloni #SupportUkraine #UkraineBudget
Military bonds in September brought the budget ₴23B. According to the Ministry of Finance, about ₴185B in military bonds were issued in the nine full months of the year. As of the end of September, Ukrainian citizens owned military bonds worth about ₴25... #BondSalesUkraine #financeUkraine #UkraineBond #UkraineBudget #Ukrainemilitarybonds
This year, the sale of state debt securities replenished the budget with ₴400B. In the nine full months of the year, the Ukrainian government raised almost ₴400B ($11B) in equivalent from the placement of OVDP bonds at auctions. In total, more than ₴650B has been raised during ma... #financeUkraine #MilitaryBond #nbu #UkraineBond #UkraineBudget
Why did the national debt increase by $1.01B in August, and to whom does the state owe the most? According to the Ministry of Finance, Ukraine’s state and state-guaranteed debt increased by $1.01B in August because the state budget received the seventh tranche of €1.5B of macro-financial as... #EUfinancialAid #financialaidforUkraine #StateDebtUkraine #UkraineBudget #ukrainedebt
Ukraine’s real GDP grew by 19.5%; the economy has adapted to wartime conditions. Ukraine’s real gross domestic product in the second quarter of this year increased by 19.5% compared to the second quarter of last year, according to an operational assessment by the State Stati... #GDPinUkraine #UkraineBudget #UkraineEconomy #YuliyaSvyridenko
Ukraine has received $31B in international aid this year and hopes to receive more help. As Deputy Minister of Economy Denys Uliutin stated at the regional economic forum, with these funds Ukraine can finance basic needs, especially non-military, and in particular, the remuneration of civ... #DenysShmyhal #DenysUliutin #financialaidforUkraine #SupportUkraine #UkraineBudget
Which international partners will help Ukraine in 2024? According to the draft budget for next year, Ukraine will receive: $9B in macro-financial assistance from the EU, an IMF loan under the EFF program that will amount to $5.4B, a $2B loan from the Inter... #EFFprogram #financialaidforUkraine #IMFaid #SupportUkraine #UkraineBudget
The government has approved and sent a 2024 draft budget to the parliament: defense support increased, and $42B is expected from partners. The next year’s budget anticipates revenues of UAH 1.746T, expenditures of UAH 3.308T, and a UAH 1.531T budget deficit. At the same time, beginning January 1 the minimum salary will increase to ... #financialaidforUkraine #UkraineBudget #UkraineBudget2024 #UkraineBudgetDeficit
Ukraine is preparing to attract a $1.25B grant from the United States. As part of the World Bank’s PEACE in Ukraine public expenditure support project, the state’s budget will receive a $1.25B grant from the US. As noted by the Ministry of Finance, the funds ... #GrantsforUkraine #PeaceInUkraine #UkraineBudget #USsupportsUkraine #worldbank
Ukraine expects to receive another $3.3B in budget support from the US by the end of the year. According to the Minister of Finance of Ukraine, Serhiy Marchenko, the Ministry of Finance is counting on the same amount of financial assistance from the US in 2024 as it received this year. The mini... #financialaidforUkraine #SerhiyMarchenko #UkraineBudget #USsupportsUkraine
Ukraine’s annual military expenditures are estimated at UAH 3T. Of this amount, UAH 1.6T is for the security and defense sectors, said the newly appointed Minister of Defense, Rustem Umerov, on September 6. As he noted, the budget’s revenue totals UAH 1.4T, ... #DefenseUkraine #RustemUmerov #UkraineBudget #UkraineMilitaryExpenditures #WarinUkraine
Ukraine’s state budget deficit increased to almost UAH 131B in August. The state budget deficit in August 2023 amounted to UAH 130.7B, compared to UAH 107.6B in July, the Ministry of Finance reported. It is noted that cash expenditures in the state budget increased signi... #financeUkraine #financialaidforUkraine #UkraineBudget #UkraineBudgetDeficit #UkraineIncome
After the resumption of privatization in September 2022, UAH 5B have been produced for the budget. With almost a year of small privatization operations, the budget has received more than UAH 3.8B in revenues from open auctions. Considering the taxes paid and the repayment of debts, the total amount... #PrivatizationUkraine #StatePropertyFund #UkraineBudget
Ukraine makes progress on the IMF beacons: the law restricting revisions to the state budget has been signed. President Volodymyr Zelenskyy has signed a law with amendments to the Budget Code to ensure predictability for budget policy and to strengthen debt sustainability. The law’s passage represents t... #IMFStructuralBeacons #ReformsinUkraine #UkraineBudget
Ukraine spends a third of its budget on military expenditures. Military personnel salaries have become the largest single expenditure in the state budget’s general fund and amounted to almost UAH 520B in the first seven months of the year, the Ministry of F... #StateBudget #UkraineBudget #UkraineMilitaryExpenditures
Shadow employment costs Ukraine’s state budget UAH 100B every year. When Ukrainian employers do not declare their employment relationships and pay salaries in cash, the state budget of Ukraine loses revenue, which amounts to about UAH 100B ($2.73B) every year. “... #AndriyKharchenko #ShadowSalaries #UkraineBudget #UkraineShadowEconomy
Ukraine, with the US’ support, will conduct an audit of American financial aid. The Accounting Chamber and partners from the US have organized two audits of the US’ direct budget support to Ukraine, according to a relevant document from the Accounting Chamber. It is noted t... #FinancialAidAudits #UkraineBudget #USAID #USfinancionaidforUkraine
Ukraine’s monthly war expenses are one-third of Russia’s. Ukraine spends $3.8B a month on the war, less than a third of what the Russian Federation spends. At the same time, there is no actual data on Russia’s spending because Russia is hiding the true... #MilitaryAidforUkraine #UkraineBudget #WarExpensesUkraine #WarinUkraine
In 2024, military expenditures will remain at this year’s level, as will the need for continued international support, noted Finance Minister Serhiy Marchenko. Next year Ukraine will need more than $40B in international aid. Ukraine needs $42B in foreign financing ... #financialaidforUkraine #SerhiyMarchenko #UkraineBudget #UkraineBudgetRevenue
The National Bank expects the state budget deficit to grow next year. In July, the regulator lowered its forecast for this indicator to 16.8% of GDP. Thus, considering grants, it is predicted that the consolidated budget deficit will reach UAH 1.28T. In the April report... #GDPinUkraine #nbu #UkraineBudget #UkraineBudgetDeficit #UkraineEconomy
Ukraine expects at least $37B in international aid in 2024. In 2023, Ukraine expects $42B in international assistance, and next year it expects at least $37B, said the head of the NBU, Andriy Pishnyi, during an interview for ICTV. He says Ukraine’s budge... #AndriyPishnyi #financialaidforUkraine #nbu #UkraineBudget #UkraineBudgetRevenue
Ukraine has managed to finance all key budget expenditures. “We directed all taxes from citizens and businesses to ensure the defense and security of our country,” said Prime Minister Denys Shmyhal. He specified that for January-June, the general f... #DenysShmyhal #UkraineBudget #UkraineBudgetRevenue
Ukraine continues increasing its public debt. In April, it grew by UAH 160B as tranches of loans from the IMF and the European Union arrived. According to the Ministry of Finance, as of April 30 Ukraine’s state and state-guaranteed debt exc... #financialaidforUkraine #StateDebtUkraine #UkraineBudget #UkraineBudgetRevenue
Ukraine will receive $3B from international donors for social payments and reconstruction. On May 19, the government of Ukraine accepted additional funding from the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). This is a gr... #DenysShmyhal #financialaidforUkraine #SupportUkraine #UkraineBudget
Trade and the mining industry are the highest taxpayers in Ukraine. In the first four months of the year, the consolidated budget received UAH 67.7B ($1.85B) in taxes, where 87.1% of all revenues, almost UAH 59B, originated from several branches of the national econom... #TaxesUkraine #TaxPayersUkraine #UkraineBudget #UkraineEconomy
Ukraine implemented one of the IMF’s structural beacons. The President of Ukraine, Volodymyr Zelenskyy, signed a law on the use of funds from accounts designated for the support of Ukraine. The launch of this law became the second implemented structural bea... #IMFprogramm #SupportUkraine #UkraineBudget #Zelenskyy
The last month of the year brought record revenues to the state budget of Ukraine. December 2022 brought two records in Ukraine’s history at once, foreign aid to Ukraine and the state budget’s total monthly funding amount for a month, the parliamentary finance committee reported. In... #financialaidforUkraine #StateBUdgetRevenue #UkraineBudget
Ukraine’s economy might go into a steep decline this fall. According to the FT, due to the war, Ukraine’s monthly expenses have increased from $250M in February to $3.3B in May. The cabinet has already introduced drastic cuts in spending on day-to-day service... #FT #UkraineBudget #UkraineEconomy #WarinUkraine
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
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 $5-7B in April and May, stated Finance Minister Serhiy Marchenko in an interview with the F... #BudgetDeficit #StateBudget #UkraineBudget
Ukraine budget received UAH 107.2 B in excise tax and license fees. The consolidated budget of Ukraine in 2021 received a sum of UAH 107.2 B ($ 3.95 B) from excise tax and fees for licenses to conduct operations with excisable goods. The statement reads that this is 1... #TaxandFees #UkraineBudget #UkraineBudget2021
2021 state budget revenues were exceeded by 1.8%. Revenues of the state budget of Ukraine in 2021 amounted to UAH 1.288 trillion, which is 1.8% higher than planned and 20.7% higher than last year, reported the State Treasury Service. According to the... #UkraineBudget #UkraineBudgetRevenue
Ukraine’s budget waiting on receipt of UAH 6 bln for the sale of casino licenses. The state budget received UAH 1.34 bln ($50 mln), which is only 18% of the planned revenue, UAH 7.4 bln. As of November 2021, most of the income came from selling licenses to organize gambling in casi... #GamblingIncome #gamblingukraine #UkraineBudget
