Ukraine’s needs to attract external financing this year amount to more than USD 37 billion. This was stated by Prime Minister Denys Shmyhal at a Government session on 3 January.
He expressed hope for rhythmic, stable and timely assistance from partners.
“USD 42.6 billion of external financing was attracted in 2023. Of these, 27% are grants. The leaders of support remain unchanged: the European Union, the United States, the IMF, Japan, Canada, the United Kingdom, and the World Bank,” the Prime Minister said.
At the same time, the state is steadily increasing its own budget revenues, primarily customs and tax revenues. According to the Head of Government, more than UAH 1.1 trillion in taxes, duties and other payments were received by the general fund of the state budget last year.
“We are allocating all these funds for security and defence. This year, we plan to spend more than UAH 750 billion on payments to the military. More than UAH 265 billion will be spent on the purchase, production and repair of weapons,” said Denys Shmyhal.
The Head of Government stressed that the key task was to increase domestic military production. According to him, the production capacity of the Ukrainian defence industry tripled in 2023. The ambitious goal for the current year is to increase sixfold: “This means more drones, more shells, more ammunition and armoured vehicles for our military.”