Next year, the government plans to attract more than $38 billion in external financing and receive funds from the frozen assets of the Russian Federation.
Ukraine ends in 2024 in conditions of financial stability. This statement was made by Prime Minister Denis Shmyhal at a government meeting on Tuesday, December 24.
“We fully finance our Defense Forces through taxes, fees, and internal loans. Thanks to our partners, we cover civilian costs,” Shmyhal said.
According to him, the direct budget support for Ukraine by its partners this year will amount to about $41 billion with Ukraine receiving more than 16 billion euros from the European Union under the Ukraine Facility program, and nearly $5.4 billion under the IMF’s cooperation program. .
“The support of the United States, World Bank, Japan, Canada and other partners is also significant… We are grateful to all friends of Ukraine for their solidarity said the government.
He said that for 11 months of 2024, more than UAH 510 billion from the state budget was allocated for social security, UAH 140 billion for the state medical guarantee program, and UAH 163 billion for transfers to the local budget.
“We clearly understand where we will get funds from next year. We expect to attract more than $38 billion in external funding to cover the most important non-military budget expenditures.
We remind you that last week the demand for foreign currency in the interbank market rose to its highest level since May 2022. The National Bank sold a record $1.417 billion on December 16-20. In recent days, the hryvnia exchange rate has fallen to record levels against the dollar.
Also on December 12, the National Bank unexpectedly raised the discount rate. The regulator made this decision in response to inflation rising to 11.2% in November.
New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.