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.