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Ukraine needs another US$10b financial aid to cover budget deficit

Ukraine needs another US$10b financial aid to cover budget deficit

MOSCOW: Kyiv needs another US$10 billion in international financial assistance from other countries and organisations to cover its budget deficit and ensure stable economic development, reported Sputnik, quoting Ukrainian Deputy Finance Minister Olga Zykova.“Currently, the Ukrainian Government has confirmation of financing from the EU and the US of about US$30 billion for 2023. However, there is still a need for another US$10 billion. And here we count on help from other countries and international financial organisations, in particular the IMF (International Monetary Fund),“ Zykova told an international business forum in Luxembourg dedicated to the Rapid Recovery of Ukraine, as quoted by the Ukrainian Finance Ministry.The Ukrainian official added that despite optimising a number of areas of budget expenditures and increasing tax and customs revenue, Kiev still needed a significant monthly financial assistance of around US$3 billion.Earlier in the week, the chairwoman of the Ukrainian

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