Ukraine hopes to cover the budget deficit next year with help from the US, the EU and the IMF.
The state budget deficit in 2023 will be about $38 billion, Prime Minister Denys Shmyhal said on Wednesday, September 14.
“Next year’s budget deficit is about $38 billion, which we will raise from our international partners and through war bonds. These are two sources, in addition to tax revenues, that we will see next that year,” he said.
Ukraine expects to receive monthly 1 billion euros from the EU and $1.5 billion from the United States, as well as a total of $12 billion per year from the IMF.
“Next year we are talking about three sources of funding for our deficit. The European Union – we are asking for macro-financial assistance of 12 billion euros: 1 billion euros per month, the IMF, which should be provided $ 12 billion under the program next year, and the United States – $ 1.5 billion per month. Together it will finance $ 3.5 billion per month, which will completely cover our budget deficit,” said Shmyhal .
According to him, the additional “airbag” remains in the form of war bonds for emergencies or to finance gaps in the flow of international aid.
The prime minister also said that by the end of this year, another $8 billion in macro-financial assistance from the EU and, possibly, an additional $4.5 billion from the United States, will arrive.
Remember, on the eve of the Cabinet of Ministers approved the draft budget-2023, it was submitted to the Parliament.
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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.