According to Minister Sergei Marchenko, the state fills the financing gap through war bonds and borrowing.
Ukraine funds its Armed Forces and other security and defense sectors from its own budget. Finance Minister Sergei Marchenko told Channel 24 that the budget receives an average of about 90 billion hryvnia per month from taxes.
“On average, we allocate 130 to 140 billion hryvnia per month to finance the Ukrainian Armed Forces and other military formations,” the official said.
He announced that the government has closed the financing gap with war bonds and borrowing. Other parts of the country receive funds, for example, social, humanitarian, teachers’ salaries, pensions, with the help of money from international partners.
“We have a pretty simple budget,” said Sergei Marchenko.
Sergei Marchenko also noted that there was no liquidity problem in the state’s treasury account, and that all expenditures were made on time and in full. And financial assistance from partners arrives on time and rhythmically.
“For example, there is currently a program with the International Monetary Fund (IMF) and through this program we provide maximum financing for all problems. The G7 countries have committed to financing Ukraine’s needs in a 4-year perspective.”
As the Finance Minister stated, since the beginning of 2023, approximately 20 billion dollars help from partners.
Important
Recall, on March 14, Prime Minister Denys Shmyhal said that all taxes paid by Ukrainian citizens and businesses will be directed to the defense and security of Ukraine, including new equipment, weapons and support for the Ukrainian army.
Previously Focus He wrote what GDP dynamics participants in the consensus forecast expect in 2023 and when they predict the end of the war.
We also remember that in 2023, the authorities hoped to meet their financing needs through international aid and did not plan to use the printing press, thus increasing the risks of accelerating inflation.
Source: Focus
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