The Government has been maintaining macro-financial stability throughout the full-scale russian invasion. This was stated by Prime Minister of Ukraine Denys Shmyhal during a Question Time for the Government at the Verkhovna Rada.
"The Government ensures stable financing of all budget expenditures. We spend more than 40% of the general fund of the state budget to pay salaries to the military and state employees. Almost 25% is spent on goods and services, including the purchase of equipment, weapons, ammunition for our defenders. More than 18% is spent on social security - pensions and allowances," the Head of Government said.
He also notes that over the eight months of this year, the inflation rate has decreased from 26.6% to 8.6%, which in turn indicates that the state has come out of the period of economic turbulence and can count on a gradual economic recovery.
According to the Prime Minister, since the beginning of the full-scale russian invasion, Ukraine has attracted almost USD 65 billion in partner assistance in the shape of soft loans and grants. In particular, from the European Union, the United States, the IMF, Canada and Japan, etc.
"In total, this year we plan to receive USD 42 billion of macro-financial and partnership assistance in the form of cheap loans and grants," the Head of Government said.
Denys Shmyhal emphasized that Ukraine's international reserves now amounted to more than USD 40 billion, which was the largest figure since independence.
"For 19 months of the full-scale war, the state has been maintaining macro-financial stability. This is a joint result of the work of the President, the Parliament, the Government, the National Bank, and business. This is the result of the support of our allies and partners. I am sincerely grateful to everyone who works for Ukraine and for our victory," the Prime Minister said.