Because of the war, Ukraine was forced to fund the budget by issuing war bonds and attracting external funding.
From the beginning of the war, military bonds became the main source of budget replenishment, the National Bank “printed” UAH 120 billion, or $ 4.1 billion, in three months. This was reported by the press service of the Ministry of Finance on Thursday, May 26.
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In May, the NBU released UAH 50 billion, as in April. Another UAH 89.9 billion came from the sale of war bonds to other investors.
Also, UAH 41.3 billion was received from the IMF in the form of a loan.
From the USA, Britain, Italy, Sweden, Denmark, Norway, Austria, Latvia, Lithuania and Iceland, Ukraine received funds in the form of grants, that is, non -refundable assistance.
In total, the budget received $ 13.8 billion, or UAH 404.2 billion.
At the same time, $ 1.35 billion was received in the form of grants.
According to the Ministry of Finance, in March, international support for Ukraine reached $ 3 billion, in April – $ 1.7 billion, and in May – approximately $ 2 billion, with a required $ 5 billion per month. The remaining amount is covered by the market placement of military bonds – up to $ 1 billion – and their redemption by the National Bank.
The NBU says that Ukraine will begin receiving multi-billion dollar assistance in June.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.