As the head of the IMF mission, Gavin Gray, noted, this should be considered because the need to finance social expenditures will increase after the war’s end. “That’s why the authorities need to focus on strengthening the capacity to collect revenues – both tax and customs,” added Gray.
He noted that by the end of this year, Ukrainian authorities plan to launch the National Income Strategy. At the same time, the IMF representative reminded observers that the IMF developed a program of extended financing with Ukraine, considering the main scenario, which assumed the end of the war by mid-2024.
“But we also predicted a more negative scenario with a longer war and, accordingly, larger amounts of external funding,” Gray said.
He noted that international financial assistance should increase under a more pessimistic scenario. In the case of implementing the base scenario, it is about $115B in aid, and the negative is $140B.