Kyiv is supplied with electricity by less than half, while a significant deficit remains in the energy system as a whole due to Russian terrorist shelling, NEC Ukrenergo said.
“As of this morning, there remains a significant capacity deficit in the energy system. Less than half of the consumption needs in the capital are being met, the priority is to supply power to critical infrastructure,” Ukrenergo said in its Telegram feed on Tuesday.
At the same time, the company expects that on Tuesday it will be possible to turn on certain equipment that will somewhat improve the level of supply reliability, reduce the power deficit in the capital’s power grid and power more consumers.
They drew attention to the fact that UAV bombardment of main grid facilities in the central region, which occurred on the night of December 19, as well as shelling in eastern Ukraine led to further damage to energy infrastructure and worsened the situation with power supply, in particular, in the central region and Kiev.
“Repair crews of Ukrenergo, generation and distribution system operators are making every effort to improve power supply,” the NEC noted.
As reported, the general director of the power supply company YASNO Sergey Kovalenko said Monday evening that the needs of the population in the capital can be met only by 20%, as a result, according to him, 10 hours without light in the capital – the reality at the moment.
The state budget of Ukraine for January-October 2022 was executed with a deficit of UAH 638.7 billion, including the general fund – UAH 643.4 billion against the deficit of UAH 1,121.6 billion planned by the general fund for January-October 2022 hryvnia, said the Ministry of Finance.
“In October, the actual deficit of the state budget amounted to UAH 143.4 billion, including the general fund – UAH 147.1 billion,” the agency said in a release on Tuesday.
According to the operational information of the State Treasury, as indicated by the Ministry of Finance, in January-October 2022, the cash expenditures of the state budget amounted to UAH 1,978.6 billion, including the general fund – UAH 1,817.4 billion, or 86.4% of the list of the reporting period .
“At the same time, in October 2022, cash expenditures of the state budget were made in the amount of UAH 231.7 billion, including the general fund in the amount of UAH 222.5 billion,” the Ministry of Finance specified.
According to him, the income of the general fund in October amounted to UAH 72.8 billion.
Difficult year awaits Ukraine in 2023: the public finance deficit is estimated at $3-4 billion, it is necessary to ensure the stability of the economy, and the IMF will provide support: an international forum will be convened in the near future to solve this problem, said the Managing Director of the International Monetary Fund Kristalina Georgieva.
“We need to learn how to ensure the sustainability of the economy. According to our preliminary estimates, three to four billion dollars are needed monthly,” she said at the second meeting of the “round table” of ministers to support Ukraine as part of the annual meeting of the IMF and the World Bank in Washington in Wednesday.
Responding to the call of the President of Ukraine Volodymyr Zelensky to organize an economic forum, which meets on a regular basis, and considers the macro-situation in the country, the lack of funding and solves the problem of its reduction, Georgieva said that such work is already underway.
“We will convene the forum as soon as possible,” the head of the IMF said.
She also noted that the Fund has a new platform for interaction, allowing for monitoring jointly with the board of directors, which is the way to a full-fledged program for Ukraine, which Zelensky called for.
“We are moving with you in the direction of a strong Ukraine,” Georgieva stressed.
US Treasury Secretary Janet Yellen noted that a new IMF program for Ukraine could be early next year.
Georgieva clarified that the Fund’s team, together with the Ukrainian team, immediately after the annual meeting of the IMF and the WB, will determine the macroeconomic framework and budget of Ukraine.
She expressed her hope that the war would end sooner rather than later. “But judging by what we see, we should be close to the Ukrainian people,” the head of the IMF said.
She recalled that Ukraine’s international partners have already mobilized $35 billion, a significant part of which has already been transferred, and called for further support, especially in the form of grants.
According to Georgieva, further needs will be determined, firstly, by the cost of social services, which depends on war and migration, and secondly, the cost of restoring vital infrastructure, which also depends on war and on prioritization.
“And thirdly, what are the energy needs of the country, how much needs to be imported to provide for people in Ukraine, and this depends, of course, on the horrors of war,” the managing director added.
She noted that the senseless war of Russia against Ukraine has sharply worsened the prospects for the global economy and brought the most dramatic consequences for the people of Ukraine.
As reported earlier, Finance Minister Sergei Marchenko said that the government estimates the need to finance the state budget deficit in 2023 at $3.5 billion per month.
The first meeting of such a “round table” was held at the spring meeting of the IMF and WB on April 21. It announced Ukraine’s monthly need of $5 billion to finance the state budget deficit in the context of the war unleashed by Russia.
The draft state budget of Ukraine for 2023, which was adopted in the first reading, provides for external financing of the deficit in the amount of $38 billion, or about $3.2 billion per month.
The negative balance of Ukraine’s foreign trade in goods in January-April 2022 decreased by almost 42 times compared to the same period in 2021 – to $29.6 million from $1,236.7 million, the State Statistics Service (Gosstat) reported on Tuesday.
According to its data, the export of goods from Ukraine for the reporting period compared with January-April 2021 decreased by 12.3% – to $16.712 billion, imports decreased by 17.5% – to $16.742 billion.
The State Statistics Service clarifies that in April this year, compared to March 2022, the seasonally adjusted volume of exports increased by 7.2%, to $2.727 billion, and imports, by 65.1%, to $2.78 billion.
The seasonally adjusted foreign trade balance in April 2022 was negative and amounted to $0.053 billion, which is better than in April 2021, when the seasonally adjusted foreign trade balance was also negative at $0.359 billion.
The State Statistics Service recalls that in March 2022 it was positive and amounted to $0.86 billion.
The export-to-import coverage ratio in January-April 2022 amounted to 1.00 (in January-April 2021 – 0.94).
The State Statistics Service specified that foreign trade operations were carried out with partners from 215 countries of the world.
The deficit of foreign trade in goods in January-February 2022 decreased by 1.15% to $0.59 billion compared to the same period in 2021, with exports growing by 37% to $11.57 billion, imports by almost 34.56%, to $12.17 billion, according to the State Customs Service.
According to the customs, the trade turnover of Ukraine in January-February grew by 36% compared to January-February 2021 and reached $23.74 billion.
According to the service, the deficit of foreign trade in goods in February fell by 16.5%, to $0.37 billion compared to February 2022, with an increase in exports by 22.5% to $5.54 billion, imports by almost 22%, to $5.91 billion.
Trade in February increased by 22.3% to $11.45 billion, according to data on the service’s website.
According to customs statistics for January-February 2022, Ukraine received the largest volume of trade during this time with China ($67.8 billion, export $24 billion, import $43.6 billion), Russia ($52.2 billion, export $17, 5 billion, import $34.6 billion), Poland ($39.6 billion, export $18.6 billion, import $21 billion).
As reported, in 2021, the deficit of foreign trade in goods amounted to $5.1 billion compared to $4.72 billion in 2020. Import of goods at the end of the year increased by 35.6% compared to 2020, to $73.3 billion, export by 38.3%, to $68.2 billion.
The deficit of the Ukrainian state budget amounted to 1.4% of GDP in January-November, while 5.5% of GDP was projected in the law on the state budget, Prime Minister Denys Shmyhal said.
“Thanks to the balanced fiscal and debt policy, the state budget deficit amounted to only 1.4% of GDP over 11 months,” the prime minister said, opening a government meeting on Wednesday.
