International financial support will allow the government to finance the budget deficit and maintain a comfortable level of reserves by the National Bank. This was stated by the Chairman of the National Bank Andriy Pyshnyy during a briefing, writes UNN.
According to the NBU Governor, the baseline scenario envisages that Ukraine's external financing will continue to be maintained, and will slowly decline as the domestic capacity to cover budget expenditures with its own resources expands.
It is expected that this year international partners will provide Ukraine with about $38 billion in soft loans and grants. The amount of concessional loans and grants is expected to reach at least USD 31 billion next year. THE AMOUNT OF FOREIGN AID WILL BE AT LEAST 31 BILLION US DOLLARS. These external revenues, together with an increase in domestic borrowing, will make it possible to finance a significant budget deficit - about 23% of GDP in 2024 and 18% in 2025. For its part, the NBU will be able to maintain sufficient international reserves to ensure the stability of the foreign exchange market and moderate inflation
Recall
The Minister of Finance of Ukraine held an online meeting with the EIB management. They discussed the status of the implementation of cooperation programs and new support projects, in particular in the energy sector for EUR 250 million.