The international financial aid deficit next year may reach $15B.

Wednesday, March 27, 2024
The international financial aid deficit next year may reach $15B.

As Deputy Chairman of the Finance Committee Yaroslav Zheleznyak said, the lack of financial aid from international partners next year may amount to $10-15B, and the hidden additional state budget deficit this year amounts to ₴300-400B without considering additional mobilization.

“I mentioned this so that we all have a clear understanding that business support this year is a condition for survival next year,” he said.

In the fall of 2023, the Ukrainian Parliament adopted the state budget for 2024 with a deficit of ₴1.57T, or 20.6% of the projected GDP. Total revenue in the 2024 state budget was set at ₴1.77T (without considering possible grant aid), and expenses were set at ₴3.36T at the established average annual exchange rate of ₴40.7 per $1.

According to the EFF’s expanded financing program with the IMF, in 2023 external financing amounted to $42.5B, and this year it is forecast at the level of $38.1B, but it is expected to decrease to $22.9B next year.

 

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Lithuanian companies are modernizing Ukraine’s logistics infrastructure and will open a single logistics center this year.

Lithuanian companies are modernizing Ukraine’s logistics infrastructure and will open a single logistics center this year.

Next post
Additional restrictions on the import of Ukrainian food products to the EU may prolong the war.

Additional restrictions on the import of Ukrainian food products to the EU may prolong the war.

Previous Main Topics