The EU and the US will cover the 2023 budget deficit of $38B. Ukraine expects the budget deficit next year will be covered by support from its international partners, said Prime Minister of Ukraine Denys Shmyhal. Shmyhal added that today, Ukraine has political p... #DenysShmyhal #financialaidforUkraine #UkraineBudgetDeficit #UkraineStateBudget
Ukraine’s energy crisis has deepened the GDP’s fall to 39% in October. The Russian attacks on critical infrastructure in October exacerbated the GDP’s fall, to 39%, through October, 2021. In September-August, the indicator remained at the 35% level. However, Ukraine̵... #EnergyCrisisUkraine #GDPUkraine #UkraineBudgetDeficit #YuliyaSvyridenko
The European Commission has prepared three financial support mechanisms for Ukraine, writes Politico. The European Commission wants to attract up to €18B in loans and grants to cover half of Ukraine’s expected budget deficit of $38-40B in 2023. The first option, which the Commi... #EUfinancialAid #financialaidforUkraine #UkraineBudgetDeficit
A gap between the financial contributions of Ukraine’s allies and its financial commitments complicates the state budget deficit. The first quarter of 2023 is currently the most difficult challenge for Ukraine as far as covering the budget deficit due to the big difference between partners’ commitments to financial support and t... #InflationinUkraine #nbu #SerhiyMarchenko #UkraineBudgetDeficit
In 2023, every fourth hryvnia will be used to service the national debt. Next year, the Accounting Chamber of Ukraine reported that 25% of budget revenue will be used to service the state debt. According to the agency, next year the state debt will double compared to the c... #StateBudget #UkraineBudgetDeficit #UkraineNationalDebt
The Government explained how they will cover the $38B 2023 budget deficit. The Cabinet of Ministers plans to cover Ukraine’s state budget deficit in 2023 with support from the International Monetary Fund, the EU, and the US. According to Prime Minister Denys Shmyhal, n... #DenysShmyhal #financialaidforUkraine #UkraineBudgetDeficit
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 covers only 62% of the state budget expenditures. “We cover only about 62% of the state budget, and this does not take into account military expenditures. In addition to that, May’s inflation reached 18%,” said the Minister of Finance, Se... #SerhiyMarchenko #UkraineBudgetDeficit #UkraineStateBudget
The general fund of the state budget of Ukraine for January-November 2021 was executed with a deficit of UAH 57.4 bln ($2.12 bln) , when projected for the reporting period in the amount of UAH 175.7 bln ($6.48 bln), the Ministry of Finance said. The Ministry of Finance pointed out that in 11 months, the general fund received UAH... #Budget2022 #UkraineBudgetDeficit
The state budget deficit to grow to 3-3.5% of GDP in December. The head of the Ministry of Finance of Ukraine, Sergei Marchenko, expects a significant increase in the state budget deficit in December to 3-3.5% of GDP. For 11 months of 2021, the actual budget defi... #SerhiyMarchenko #UkraineBudget2022 #UkraineBudgetDeficit
The 2021 state budget deficit will be ₴170 bln ($ 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
