Hetmantsev: in January, Ukraine accelerated attracting external financing to the budget

Hetmantsev: in January, Ukraine accelerated attracting external financing to the budget

From January 1 to January 25, 2023, the state budget received almost $4.3 billion

Hetmantsev: in January, Ukraine accelerated attracting external financing to the budget

What happened? From January 1 to January 25, 2023, the state budget received almost $4.3 billion in foreign aid. As of January, Ukraine is ahead of schedule in raising funds. 

Source. Danylo Hetmantsev, MP, Chairman of the Committee on Finance, Taxation and Customs Policy of Ukrainian Parliament, on his Telegram channel.

Details. During this time, $3.24 billion in aid was provided by the EU, another $1 billion by the United States, which accounts for 78% of all budget funding since the beginning of the year. Another $1.2 billion was raised from the placement of military government bonds on market terms.

"Thanks to our partners, Ukraine managed to avoid the risks of gaps in budget liquidity at the beginning of the year and ensure the rhythmic financing of all necessary non-military expenditures," the MP writes. According to him, these include social payments, medical guarantees, support for critical infrastructure, and interbudgetary transfers.

Mr. Hetmantsev adds that this year's deficit comprises half of the budget expenditures: almost 1.29 trillion UAH should be covered by external revenues. To this end, the 2023 budget plans to attract a little over $38 billion (about $3.2 billion per month) in external loans and grants.

Previously. As Mind reported earlier, since the beginning of the year, almost 70% of the state budget financing had come from loans from international financial organisations. 

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