Grants and credits accounted for 24% of state budget funding since the beginning of the war

During the 120 days of the war, the state budget was filled by more than UAH 200 bln from international donors and by UAH 626 bln from domestic sources.

Grants and loans from international partners accounted for 24.2% of Ukraine’s state budget funding since the beginning of the war. This was stated  by Yaroslav Zheleznyak, the First Deputy Chairman of the Committee on Finance, Tax and Customs Policy, in his Telegram-channel.

In total, from February 24 to June 22, 2022, the financing of the state budget amounted to UAH 826 billion. The main sources of filling the budget were:

  • taxes, customs deductions, dividends of state enterprises – about 310 billion UAH;
  • The NBU purchased IGLBs for UAH 190 billion and transferred another UAH 19 billion of profit to the budget – UAH 209 billion;
  • grants and loans from international donors (IMF, EU, USA, Canada, World Bank) – over UAH 200 billion;
  • purchase of military IGLBs by banks and individuals – UAH 107 billion.

At the same time, it is specified that assistance from international partners will soon increase by another UAH 21 billion, and plans to attract UAH 257.4 billion are planned for June-July.

“So far, we are financing the 120 days of the war mostly with internal resources. The same taxes, duties, state enterprises and the National Bank. The situation, in theory, should change soon, and the item “loans and grants” will be equal to taxes. But so far, the tales that “foreigners pay for us” are just another fake of the populists, “the people’s deputy summed up.

It will be recalled that since the beginning of Russia’s war against Ukraine, international partners have transferred $7.4 billion to cover the state budget deficit, and the total amount of declared financial assistance to Ukraine as of mid-June is $30 billion.

Earlier, the European Commission approved the Reconstruction Plan of Ukraine. In the coming days, the European Union will finally determine the details of the financial package for Ukraine in the amount of € 9 billion, the allocation of which was discussed earlier.