The IMF Executive Board plans to consider the issue of approving the results of the EFF program’s fifth revision and the allocation of the next tranche to Ukraine within a few weeks, IMF spokeswoman Julia Kozack said at a briefing. In the event of a favorable decision, Ukraine will receive up to $1.1B.
At the same time, the IMF believes that Ukraine needs to mobilize domestic revenues, including introducing financial restrictions and increasing tax revenues. This should help “create space for critical spending.” Therefore, preserving “buffers” for responding to challenges and restoring fiscal and debt sustainability is essential.
Meanwhile, the Ukrainian government approved a draft of the 2025 state budget with ₴2T in revenue and expenditures of ₴3.6T. Defense and security will remain a priority, and all internal resources will be directed to this sector: Defense expenditures will increase to ₴2.22T, and ₴400B will be provided for social spending.