Ukraine expects a budget deficit in 2024

No time to read?
Get a summary

If Ukraine does not receive aid from the United States or Europe, it could remain without funds for months and be forced to take painful economic measures. This was reported by Wall StreetJournal Citing Ukrainian economists and officials.

The publication states that Kiev expects a budget deficit of approximately $40 billion in 2024, and that the Ukrainian side wants to fund $30 billion of this from Western partners, but neither the USA nor the European Union could agree on aid packages. .

The publication emphasizes that Kiev needs funds to support the work of the government, pay salaries, pensions and subsidies. The Ukrainian government may take additional measures to save cash.

Aja Labib, formerly head of the Belgian Ministry of Foreign Affairs statedIt was stated that EU foreign policy department heads will try to prepare an agreement on long-term financial assistance to Ukraine for the summit on February 1.

IMF in early January appreciated Ukraine needs $42 billion in financial aid in 2024, of which $32 billion must come from donor countries.

Previously happened It is known how many conditions Ukraine fulfills to join the EU.

No time to read?
Get a summary
Previous Article

The State Duma announced the date of consideration of the bill on the seizure of counterfeit goods about the Armed Forces

Next Article

Borrell announced that he will go to Ukraine