Ukraine's Prime Minister, Denys Shmyhal, has stated that the country will require budget support of approximately $42 billion for this year and the next. He made this announcement during an IMF/World Bank aid event and emphasized the need for economic assistance to address a looming budget deficit. Shmyhal further highlighted that in 2024, Ukraine will need around $42 billion in economic assistance to compensate for the anticipated budget shortfall. Finance ministers from the Group of 7 nations have pledged to continue providing economic support to Ukraine and have endorsed a plan that would utilize frozen Russian assets to help finance the nation's reconstruction. The aid is crucial for Ukraine, as it aims to recover from the devastation caused by Russia's invasion.
UKRAINE NEEDS $42 BILLION BUDGET SUPPORT THIS YEAR AND NEXT (Reuters) Ukrainian Prime Minister Denys Shmyhal said the country would need budget of $42 billion this year to plug a massive deficit and aid reconstruction from the devastation caused by Russia's invasion. https://t.co/9Ywy7rDqZs
Finance ministers from the Group of 7 nations pledged to continue providing economic support for Ukraine and backed a plan that would help finance the nation’s reconstruction with proceeds from Russian assets that have been frozen by Western nations. https://t.co/OPI6hIOers
⚡️Shmyhal: Ukraine facing $42 billion budget deficit in 2024. Ukraine will need about $42 billion in economic assistance in 2024 to make up for the looming budget deficit, Prime Minister Denys Shmyhal said in his address to the World Bank and IMF forum in Morocco on Oct. 11.
⚠️ UKRAINE NEEDS $42 BILLION BUDGET SUPPORT THIS YEAR AND NEXT -PM SHMYHAL Full Story → https://t.co/10KTNdj4xl https://t.co/FV7DVlfwTo
Ukraine Prime Minister Says Ukraine Will Need Budget Support Of About $42 Billion This Year And Next Year.
🇺🇦 UKRAINE PM SHMYHAL SAYS UKRAINE WILL NEED BUDGET SUPPORT OF ABOUT $42 BILLION THIS YEAR AND NEXT YEAR -IMF/WORLD BANK AID EVENT