Before the war, the budget deficit for the year was expected to be $7 billion, but now it is $5 billion a month.
Ukraine’s leadership predicts a budget deficit for the year in the amount of $50 billion. This was said by the adviser to the president on economic issues Oleg Ustenko on the air of the telethon on Monday, July 25.
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“Our state budget has a monthly deficit of about $5 billion. And we planned that it would be $7 billion for the whole year, but we received it every month. I expect that by the end of the year we will have a global budget deficit of about $50 billion “This will be about 30-35% of our GDP. This is a very large deficit. This is the problem of war. Therefore, such a deficit,” he explained.
According to the Ministry of Finance, for six months the budget deficit was UAH 406.1 billion.
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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.