Due to Russia’s aggression, the budget deficit will increase by at least 4.5 times compared to last year.
In 2022, Ukraine’s state budget deficit will grow to 17.8% of GDP from 4% in 2021, the IMF predicts.
According to the Fiscal Monitor, in the coming years, the deficit will also remain at very high levels: 2023 – 13.1% of GDP, 2024 – 11.9% of GDP, 2025-2026 – 10.9-10.8% of GDP.
It is expected that in 2027 alone the deficit will fall below 10% of GDP and reach 9.3%.
The IMF clarified that this is basically about the deficit of the public finance sector, which also includes local budgets, social funds, state-owned companies, etc.
The Fund specified that Ukraine’s main budget deficit this year is expected to expand to 13.4% of GDP from 1% of GDP last year. Next year it will decrease to 7.3% of GDP, in 2024 to 5.8% of GDP, in 2025 to 4.9% of GDP, in 2026 to 5.2% of GDP and in 2027 -m – to 4.1% of GDP.
Earlier, Finance Minister Sergei Marchenko said that due to the war in Russia, the 2022 budget deficit in March reached $ 2.7 billion and its growth rate will continue to grow to $ 5-7 billion in April-May.
News from Athletistic in the Telegram. Subscribe to our channel Athletistic
Source: korrespondent
