The need for external financing for 2024 has decreased to $37.3 billion, noted Sergei Marchenko.
Ukraine’s need for international aid for 2024 dropped by nearly $4 billion, to $37.3 billion. This was said by the Minister of Finance Sergei Marchenko, as reported on the website of the Ministry of Finance on Wednesday, December 20.
“The need for external financing for 2024 has been reduced from $41 billion thanks to measures to maximize state budget revenues, activate the domestic borrowing market and other measures,” he said in a meeting of finance ministers and heads of central banks of the G7 countries, the leadership of the European Union, IMF and The World Bank.
According to him, all capital expenditures of the state budget have been reduced.
“In 2024, the main tasks will be the military campaign and social support. And if defense and security are financed exclusively from the revenues of the internal budget, then to meet the needs of the social sphere we rely on help of international partners,” Marchenko said.
According to him, by 2023 Ukraine will have received $39 billion in external financing. By the end of this year, donor aid will reach approximately $42.3 billion. This made it possible to maintain financial and economic stability in the country.
“In 2023, the Ukrainian economy shows stability and development. GDP growth is expected up to 5%, inflation decreased from 26.6% last year to 5.1% in November this year. For 11 month of 2023, state budget revenues from customs and taxes increased by $4.4 billion compared to the same period in 2022,” said the Minister of Finance.
We remind you that international financial assistance to Ukraine in 2024 is still under discussion. The US Congress has experienced difficulties in agreeing to more than $60 billion for Ukraine. This issue will be discussed in January. President Vladimir Zelensky yesterday expressed hope that “the United States will not betray us.”
Meanwhile, Hungary has blocked 50 billion euros in benefits for Ukraine from the EU. European leaders will consider the issue in early February.
Source: korrespondent
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