WSJ: Ukraine’s budget is missing about $5 billion per month

Ukraine’s monthly budget deficit is about 5 billion dollars, writes Wall Street Journal.

According to the publication, because of this, there are difficulties in the fulfillment of social obligations and financing of hostilities in the country. 60% of the entire budget is spent on conflict-related expenditures. At the same time, tax revenues cover only 40% of government expenditures. GDP is expected to fall by 30% by the end of the year.

The publication explains that Kiev plans to recoup the costs through foreign aid. However, the country has so far received only $1 billion from the $9 billion macro-financial aid package promised by the EU countries. Another source of budget replenishment may be the emission of money, but it is not enough.

Serhiy Nikolaychuk, vice-president of the Central Bank of Ukraine, said that the country will be able to meet all its debt obligations with foreign aid of $ 3 billion per month.

Previously reportedHe barely pays the salaries of Kyiv military personnel, but is ready to risk the stability of the financial system for their sake.



Source: Gazeta

Popular

More from author

Russian Ambassador to Sofia Mitrofanova spoke about Moscow’s reaction to the deportation of representatives of the Russian Orthodox Church 14:24

Russian Ambassador to Sofia Eleonora Mitrofanova said in a statement to the television channel that Bulgarian Ambassador to Moscow Atanas Kristin will be summoned...

A rocket was shot down near Bakhchisaray in Crimea 14:22

A rocket was shot down near Bakhchisaray in Crimea and when it fell, the grass caught fire. This was announced by Oleg Kryuchkov,...

Gasoline and diesel prices fell sharply in the stock market after export restrictions 14:17

After the Russian government imposed restrictions on fuel exports, gasoline and diesel fuel prices fell by more than 10 percent on the stock market....

Russians told how they bought iPhone 15 at the start of sales in Dubai 14:14

A fight broke out at the start of sales of the new iPhone 15 series in Dubai Mall - buyers of the devices lined...