Ukraine’s budget is two-thirds dependent on international assistance

The head of the Ministry of Finance of Ukraine, Serhiy Marchenko, said that the country’s budget, due to hostilities, is financed by only one third from its own revenues. According to him, the remaining two-thirds come through international grants and loans.

“The budget is now in such a state that we regard our income in a secondary context, the primary one is international grant and credit assistance. Our revenues, according to optimistic estimates, now cover only one third of our expenses, two thirds are covered by borrowing and grant funds,” Serhiy Marchenko said on Ukrainian television (quoted by Strana.ua Telegram channel).

Yesterday, May 30, the head of the European Council, Charles Michel, announced that the EU countries, following the results of the first day of the summit in Brussels, agreed on the allocation of an additional €9 billion to Ukraine.

Earlier, in an interview with the BBC, Prime Minister of Ukraine Denys Shmygal said that Ukraine’s budget deficit is $5 billion monthly, and about 35% of the country’s entire economy has not been stopped due to military operations in the region. He added that the country could lose up to 50% of GDP. In April, President Volodymyr Zelensky told European Commission President Ursula von der Leyen that Kyiv needed $7 billion in bailouts a month to cover social benefits and salaries.

About the course of the 97th day of the Russian military operation in Ukraine – in the online broadcast “Kommersant”.


Even more news is in the Kommersant Telegram channel.

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