Ukraine has successfully closed the financial year 2024, with all expenditures fully funded. This was stated by Prime Minister Denys Shmyhal from the rostrum of the Verkhovna Rada during the Question Time for the Government.

According to him, the general and special funds of the state budget received UAH 3 trillion 121 billion in taxes, fees and other payments.

“In 2024, our Government managed to attract USD 41.7 billion in external financing. A total of USD 115.2 billion has been raised from partners since the beginning of the war. Most of the support was provided by the EU, the U.S., Japan, the IMF, Canada, and the World Bank. Due to the fact that Ukraine has fulfilled all its reform commitments, we have received all the planned support from our partners,” said Denys Shmyhal.

The Prime Minister stressed that the Government had a clear understanding and a defined plan of how to pass the current year in terms of financing the budget deficit and ensuring all priority expenditures.

“Ukraine is successfully continuing the Ukraine Facility programme with the EU. We expect EUR 12 billion this year. We continue the programme with the IMF under the Extended Fund Facility. This year, we expect 4 tranches totalling more than USD 2.5 billion,” the Head of Government said.

According to the Prime Minister, one of the biggest financial and political victories of the past year was that Ukraine convinced its partners to launch a mechanism for the use of frozen russian assets in favour of Ukraine.

“Ukraine will receive USD 50 billion secured by the proceeds of frozen russian assets. The U.S. has already transferred the first billion. We have agreements with the EU, the UK, Canada and Japan. We are working on the rhythm of financing,” Denys Shmyhal stressed.

At the same time, according to the Prime Minister, one of the Government’s key tasks for this year is to further develop a mechanism by which all frozen russian assets will be used for the sustainability and recovery of Ukraine.