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
The Budget Committee approved the draft state budget-2022 for the second reading. Compared to the first reading, budget revenues increased by UAH 54.7 bln to UAH 1.31 trillion. Tax revenues increased by UAH 64 bln (5.8%). However, non-tax revenues decreased ... #DraftBudget2022 #UkraineBudget #UkraineBudget2022
The Ukrainian budget will lose up to UAH 150 bln due to the payment of salaries in the grey sector. The Institute of Social and Economic Transformation research said that in 2020, shadow salaries caused enormous losses to the budget of UAH 110-150 bln. ($5.7 bln). In addition, the institute said tha... #ShadoweconomyinUkraine #ShadowSalaries #UkraineBudget
The 2021 state budget deficit will be ₴170 bln ($ 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
State budget revenues exceeded Treasury expectations by 4.5%. Revenues for the period January-October 2021 were ₴1.018 trillion ($38.7 bln), which was 4.5% or 43.7 bln ($1.66 bln) more than forecast and 21% higher than in the same period last year, reported trea... #StateBUdgetRevenue #UkraineBudget #UkraineStateBudget
Single treasury account balance grows sixfold in August reaching UAH 57.5 billion as of September 1st. According to the Prime Minister, the state budget received UAH 28 billion more than budgeted during the first eight months of this year and UAH 106 billi... #UkraineBudget #UkraineStateBudget #UkraineTreasury
