"As a result of the full-scale invasion of Russia, the state expenditures of Ukraine have more than doubled," stated the head of the Budget Committee, Roksolana Pidlasa.
"In order to understand how the government of Ukraine functions during the war, it is necessary to know that as a result of the full-scale invasion, government expenditures have actually doubled, increased by 2.5 times, compared to pre-war indicators and, according to experts' forecasts, will increase to more than 52 billion US dollars in 2024. Ukraine's budget deficit is unprecedented — 41 billion US dollars," Pidlasa said during a special YES meeting "Two years — the struggle continues."
She emphasized that the risk of not covering the funding is obvious and involves a reduction in both military and non-military spending.
"Fortunately, there is light at the end of the tunnel, at least for this year: the IMF and the country's leadership reached a staff-level agreement on the third review of the program. Currently, Ukraine expects to pay $800 million by the end of March.
We are almost certain that the EU will finally approve the program for Ukraine (€50 billion) at the end of February and we hope that the US Congress will soon vote on the future of Ukraine.
In addition, it is important to note that Japan and Canada provided enormous assistance in covering the remaining deficit of public finances," Pidlasa added.