Foreign aid as of February 15 accounted for 68.8% of sources of financing of the state budget deficit since the beginning of this year, Roksolana Pidlasa, head of the Verkhovna Rada Budget Committee, told Interfax-Ukraine news agency on Friday.
“If we compare with last year, we see an increase in the share of foreign aid in the sources of financing. This is primarily due to the fact that, unlike last year, the National Bank does not redeem government bonds, therefore, emission funds are not attracted to cover the state budget deficit, “- said the head of the Committee.
Pidlasa specified that the state budget has already received UAH 171.9 billion from international partners. The biggest share is constituted by the macro-financial credit aid from the EU (EUR 3 billion) and grant aid from the USA ($1 billion).
“At the same time, the government continues to issue war bonds – debt obligations, which constitute about 31% of all sources of budget financing,” the MP added.
As reported, the state budget deficit of Ukraine in January 2023 due to a significant reduction in spending decreased to 72.3 billion UAH from 99 billion UAH in December, including for the general fund – to 78.9 billion UAH from 101.3 billion UAH.
Cash expenditures of state budget, according to operational data of State Treasury, in January fell to 193.7 billion UAH, including the general fund – to 183.6 billion UAH, or 80.6% of the estimates, while the general fund revenues amounted to 104.4 billion UAH, of which 36.6 billion UAH – grant international aid.
According to the Ministry of Finance, the actual state borrowings to the general fund of the state budget in January 2023 amounted to UAH 160.1 billion, or 54.7% of the plan, including UAH 41.4 billion from placement of government bonds, of which UAH 2.6 billion in foreign currency ($40.2 million and EUR29.4 million).
EUR 3 bln were financed from external sources due to the EU tranche of macrofinancial aid.
The state budget of Ukraine for 2023 was approved with a marginal deficit of UAH 1296.5 billion, including the general fund deficit of UAH 1124.6 billion.
After the imposition of sanctions against smugglers, the budget of Ukraine received UAH 71 billion, Secretary of the National Security and Defense Council (NSDC) of Ukraine Oleksiy Danilov has said.
“The sanctions [for smugglers] are working. Today we can say with confidence that the amount of money that the budget additionally received after the imposition of sanctions is UAH 71 billion. We, no doubt, wanted it to be more, but we draw your attention to the fact that this is just the beginning. We are not going to dwell on this issue,” Danilov said at a briefing following the NSDC meeting on Thursday.
