Ukraine sees sharp increase in budget deficit in September due to decrease in international aid

4 October 2022, 04:28 PM
Finance Minister Serhiy Marchenko (Photo:NV)

Finance Minister Serhiy Marchenko (Photo:NV)

The deficit of the state budget of Ukraine jumped from UAH 5 billion ($135 million) in July and August to UAH 74.9 billion ($2 billion) in September, due to a shortfall in international financial aid of about the same amount, Finance Minister Serhiy Marchenko stated on Oct. 4.

Earlier, Marchenko said that Ukraine needs about $5 billion per month to finance the defense of Ukraine.

According to the Ministry of Finance, in September, grants from the EU, the U.S., and other nations and international organizations amounted to UAH 72.5 billion ($1.9 billion) compared to UAH 109.7 billion in August ($2.9 billion), UAH 80.4 billion ($2.1 billion) in July, UAH 38.12 billion ($1 billion) in June and UAH 15.9 billion ($430 million) in May.

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Taking this into account, the income of the general fund of the state budget in September decreased to UAH 156.1 billion ($4.2 billion) from UAH 204.6 billion ($5.5 billion) in August and UAH 169.6 billion ($4.6 billion) in July, while cash expenses increased to UAH 233.1 billion ($6.3 billion) from UAH 212.1 billion ($5.7 billion) in August and UAH 174.5 billion ($4.7 billion) in July.

In general, the budget deficit for January-September 2022 was UAH 493.4 billion ($13.3 billion), while the planned deficit for this period was UAH 1,018 billion ($27.5 billion).

The state budget deficit since the beginning of the full-scale Russian invasion was: UAH 80.6 billion ($2.1 billion) in March, UAH 89.7 billion ($2.4 billion) in April, UAH 113.4 billion ($3 billion) in May, and UAH 134.9 billion ($3.6 billion) in June.

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