Ukraine is completing the year 2024 in conditions of financial stability. This was stated by Prime Minister Denys Shmyhal at a meeting of the Cabinet of Ministers on 24 December.

“We are fully funding our Defence Forces through taxes, duties, and domestic loans. Thanks to our partners, we cover civilian expenditures,” the Head of Government stressed.

According to him, Ukraine has received more than EUR 16 billion from the EU under the Ukraine Facility programme and almost USD 5.4 billion under the IMF cooperation programme.

“The support of the United States, the World Bank, Japan, Canada and other partners is also significant. Direct budget support alone will amount to about USD 41 billion this year,” said Denys Shmyhal, adding that partners’ solidarity with Ukraine allowed the Government to fully meet its obligations to the population. In particular, over UAH 510 billion was allocated from the state budget for social security, UAH 140 billion for the state medical guarantee programme, and UAH 163 billion for transfers to local budgets in the first 11 months of 2024.

“We clearly understand where we will get the funds next year. We expect to attract more than USD 38 billion of external financing to cover the most important non-military budget expenditures. We also expect to receive funds from frozen russian assets,” the Prime Minister said.