Ukraine’s state budget this year is funded with the allies’ help. According to the Ministry of Finance, the 2023 Ukrainian budget is largely financed by military bonds, loans from international financial organizations, bilateral loans, and grants. So, as of August 4... #financialaidforUkraine #FundingUkraine #UkraineStateBudget
Moody’s assesses Ukraine’s need for external financial assistance. The international rating agency Moody’s predicts substantial Ukrainian financing needs amounting to about 20% of GDP in 2023. It is expected that these needs will be covered primarily through support ... #financialaidforUkraine #Moodys #UkraineStateBudget
The Ministry of Finance has attracted UAH 14B from military bonds for the budget. On December 13, the Ministry of Finance attracted UAH 14.05B to the state budget at auctions for the sale of military bonds. According to the Ministry of Finance, the Ukrainian government attracted UA... #UkraineBondssale #Ukrainemilitarybonds #UkraineStateBudget
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
President Zelenskyy signs Ukraine’s State Budget for 2023 into law. In the new budget, the real 2023 GDP growth forecast was adjusted to a more conservative 3.2% instead of the previous forecast of 4.6%, and the inflation forecast for 2023 has been reduced from 30% to... #UkraineStateBudget #Zelenskyy
The main financing source for the state budget remains printing the hryvnia. According to the Ministry of Finance, since the beginning of the war, the National Bank has bought UAH 340B ($10.84B) worth of government military bonds. The regulator secured this amount by issuing h... #nbu #NBUprintingMoney #UkraineStateBudget
Zelenskyy has proposed creating a “financial Rammstein” to support Ukraine. The President of Ukraine, Volodymyr Zelenskyy, proposed to the international community the creation of a financial support format for Ukraine based on the Rammstein template. The Ukrainian head of st... #financialRammstein #UkraineStateBudget #Zelenskyy
The new head of the National Bank has announced Ukraine’s need for $38B next year. The newly appointed head of the National Bank, Andriy Pishnyi, outlined his office’s priorities. Among them are macroeconomic stability, the effectiveness of macroeconomic policy, negotiations with in... #AndriyPishnyi #nbu #UkraineStateBudget
Ukraine’s 2023 state budget passes the first reading. Deputies have adopted a resolution on conclusions and proposals for the document, the Ministry of Finance said. In the 2023 state budget draft, 45% of expenditures are planned for security and defense... #GDPinUkraine #UkraineStateBudget
Ukraine plans to attract $51.5B in 2023. In 2023, the government of Ukraine plans to attract $37.9B to finance the state budget deficit and $13.6B to restore the country. In the presentation of the draft state budget for 2023, it is noted th... #financialaidforUkraine #SerhiyMarchenko #UkraineStateBudget
The Cabinet of Ministers has approved the 2023 state budget draft. Prime minister Denys Shmyhal noted that spending on security and defense will increase fourfold. According to Shmyhal, there is one main priority: defense and security. 1.136T hryvnias, or almost 50% ... #DenysShmyhal #UkraineStateBudget
July state budget revenue exceeded plan by UAH 20B. The general fund of the state budget received UAH 64B in July, which is UAH 24.5B, or 61.9%, more than in July last year, announced the head of the finance committee, Danylo Hetmantsev. In total, in s... #DanyloHetmantsev #UkraineBudgetRevenue #UkraineStateBudget
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
State budget revenue show a 11% surplus in the first quarter. In the first quarter of 2022, Ukraine’s state budget revenue needs were exceeded by 11% due to the early payment of dividends. However, moving forward, the solvency of the country’s budge... #StateBUdgetRevenue #UkraineBudget2022 #UkraineStateBudget #ValeryPatskan
The state budget receives 30% of customs and 70% of tax revenues. Today, the state budget receives 30% of customs and 70% of pre-war tax revenues, said Finance Minister Serhiy Marchenko for EBA. He noted that Ukraine’s state budget is currently adjusted to mar... #UkraineBudget2022 #UkraineBudgetRevenue #UkraineStateBudget
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
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
Even with this surplus in revenues, the government continues to lag behind in expenditures by 7.3% in the period January-October 2021 . The general fund received a total of ₴862.1 bln ($32.8 bln), of which ₴488.2 bln ($18.55 bln) were taxes from the State Tax Service and another ₴321.6 billion ($12.2 bln) was from the State Customs ... #StateTaxServiceofUkraine #UkraineStateBudget
The state budget will receive almost UAH 395 mln ($15.1 mln) from the sale of two special permits for hydrocarbon production. The State Service of Geology and Subsoil has implemented two special permits for the development of hydrocarbons valued at UAH 395 mln ... #HudroCarbonPermits #HydroCarbonProduction #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
In other legislative news, the Rada also approved 3-year parameters for the national budget. The Budget forecasts for the next three years: the GDP will rise by 5% a year, unemployment will fall from 9.2% to 7.8%, and the dollar exchange rate will weaken from 27.3 today to 29.2 in 2024. #UkraineBudget2022 #ukraineGDPforcast #UkraineStateBudget
