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Ukraine plans to raise $24.5 bln from US, $15 bln from IMF, $12 bln from EU and others in 2023 to finance budget, recovery – draft state budget

KYIV. Sept 21 (Interfax-Ukraine) – The government of Ukraine plans to attract $37.9 billion to finance the state budget deficit and $13.6 billion for restoration, the largest contribution of $18 billion and $6.5 billion respectively is expected from the United States through USAID, such data are given in the presentation of the draft state budget for 2023.

According to information on the website of the Ministry of Finance, it is assumed that assistance from the United States will be monthly: for the budget – $1.5 billion, and for recovery – from $400 million to $600 million.

The second most important source of budget financing in the presentation is the IMF with $ 15 billion: $ 2 billion in each of January, February and September, $ 1.6 billion in June, $ 600 million in August and from $ 800 million to $ 1.1 billion – in the rest months.

As for macro-financial assistance from the EU and other sources, it is expected in the amount of $7.1 billion for restoration – $600 million monthly, except for $500 million in December. While state budget funding from this source is projected at $4.9 billion: $1.9 billion in the first quarter, $1.3 billion in the second, $200 million in the third and $1.3 billion in the fourth.

Finance Minister Serhiy Marchenko specified that this year, as part of negotiations with international partners, Ukraine has already received $19 billion in financial support, of which almost 50% is grant funds.

"By the end of the year, we plan to raise about another $17 billion in additional funding," he said, presenting the draft state budget in the Verkhovna Rada on Wednesday.