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state budget - Latest news GMK Center

Photo – The Cabinet of Ministers has worsened the forecast of Ukraine’s GDP growth in 2023 to 3.2%
The Cabinet of Ministers has worsened the forecast of Ukraine’s GDP growth in 2023 to 3.2%

According to the draft state budget for 2023 for the second reading, inflation next year will be 29%

Photo – Ukraine needs $3.5 billion in additional funding per month in 2023
Ukraine needs $3.5 billion in additional funding per month in 2023

Further cooperation with the IMF is one of the main priorities for the country

Photo – The state budget deficit of Ukraine increased to UAH 76.6 billion in September 2022
The state budget deficit of Ukraine increased to UAH 76.6 billion in September 2022

In January-September 2022, the state budget was implemented with a deficit in the amount of UAH 495.3 billion, while the planned deficit for this period was UAH 1,018 billion

Photo – External revenues amounted to 39% of the state budget in September 2022
External revenues amounted to 39% of the state budget in September 2022

During the month, financing of the state budget of Ukraine with its own resources amounted to about 115 billion UAH, and with external resources – 74.5 billion UAH

Photo – The Cabinet of Ministers expects UAH 5.41 billion in rent payments for iron ore mining in 2023
The Cabinet of Ministers expects UAH 5.41 billion in rent payments for iron ore mining in 2023

Despite the problems with export logistics and the closed mining and proccesing plants, the government has budgeted large rents from iron ore mining in the next year

Photo – Ukraine to attract $37.9 billion to the state budget
Ukraine to attract $37.9 billion to the state budget

According to the draft state budget, $13.6 billion will be allocated to eliminate the consequences of the war

Photo – Grants and loans accounted for 56% of the state budget in August
Grants and loans accounted for 56% of the state budget in August

During the month, financing of Ukrainian state budget with own resources amounted to UAH 134 billion, and external resources – UAH 172 billion

Photo – S&P raised Ukraine’s rating to CCC+ after debt restructuring
S&P raised Ukraine’s rating to CCC+ after debt restructuring

Previously, the Fitch agency made a similar decision

Photo – The government plans to create a Prompt Recovery Fund in the 2023
The government plans to create a Prompt Recovery Fund in the 2023

International donors and state enterprises will be able to send funds to the fund

Photo – The Verkhovna Rada proposes to increase state budget expenditures by UAH 270 billion
The Verkhovna Rada proposes to increase state budget expenditures by UAH 270 billion

The planned expenditures of the state budget for 2022 may more than double the actual expenditures for 2021, increasing to UAH 2.66 trillion

Photo – Bloomberg: Ukraine is working on national debt restructuring
Bloomberg: Ukraine is working on national debt restructuring

Earlier, Ukrainian authorities denied the need to restructure or write off the national debt

Photo – Ukraine’s budget deficit reaches $5 billion a month
Ukraine’s budget deficit reaches $5 billion a month

Now, about 35% of the country's economy does not work

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