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23-01-2024, 01:12 PM
As Russia’s full-scale war approaches the two-year mark, Ukraine is headed for economic turbulence as vital external financial help hangs in the balance. As Ukrainian govt spends all of its revenue on military, it relies on international aid from its Western partners. The budget deficit is expected to reach $44 billion and Kyiv is hoping to cover it with both domestic borrowing and financial aid from abroad.
The Finance Ministry says the country will need around $37 billion in external financing next year, a slight decrease from the previously expected $41 billion. The total has been trending downward as the ministry ostensibly looks to cut costs where it can.
Ukraine’s needs will likely look closer to somewhere between $6-6.5 billion per month in 2024 to cover expenses, according to a former Ukrainian lawmaker with knowledge of current budgeting issues who asked not to be named due to the sensitivity around this issue.
https://kyivindependent.com/foreign-aid-...solutions/
The Finance Ministry says the country will need around $37 billion in external financing next year, a slight decrease from the previously expected $41 billion. The total has been trending downward as the ministry ostensibly looks to cut costs where it can.
Ukraine’s needs will likely look closer to somewhere between $6-6.5 billion per month in 2024 to cover expenses, according to a former Ukrainian lawmaker with knowledge of current budgeting issues who asked not to be named due to the sensitivity around this issue.
https://kyivindependent.com/foreign-aid-...solutions/
