Ukraine’s state budget deficit is about $3.5 billion a month, Shmyhal asserted.
To support the economy of Ukraine at the right level, the country needs to receive more than $55 billion from allied countries and international organizations by 2023. This was announced on Wednesday, October 12, by the Prime Minister of Ukraine Denys Shmyhal at an international round table organized as part of the fall meetings of the IMF and the World Bank.
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“The coming year will be very difficult for us in terms of the stability of our economy and finances. Ukraine will continue to rely on strong financial assistance from partner countries and international financial organizations. We are talking about at a cost of more than $55 billion by 2023,” he said. premier.
According to him, 17 billion dollars of the aforementioned amount is planned to be directed to reconstruction projects.
At the same time, the prime minister recalled that the state budget deficit is $3.5 billion a month.
The fact that Ukraine needs the help of partners was also stated by the Minister of Finance Serhiy Marchenko, who also participated in the round table.
“Today we are witnessing the gradual recovery of the Ukrainian economy, however, in the context of active hostilities, it is very important for us to launch a program of cooperation with the IMF to ensure the stability of the financial system. The needs of Ukraine for additional financing in 2023 reached $3.5 billion,” he said.
Marchenko emphasized that further cooperation with the IMF is one of the most important priorities for Ukraine.
Earlier, the Ministry of Finance said that since the beginning of the Russian invasion in February, Ukraine has received about $19.4 billion in financial aid from foreign partners.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.