Ukrainian Prime Minister Denys Shmyhal says the country’s budget deficit this year is expected to amount to $38 billion, but that the US is committing to provide more than $10 billion in budget support by September.
Shmyhal was speaking after talks in Kyiv with US Treasury Secretary Janet Yellen.
“In 2022, the United States was the leader among all partner countries in terms of financial assistance provided,” Shmyhal said, providing $13 billion in grant support for the budget.
“These funds were allocated for healthcare, education, social and humanitarian aid programs.”
This year, he said, “The United States has committed to provide Ukraine with more than $10 billion by September. In addition, the United States supports Ukraine in its rapid recovery. Namely, they have allocated $1.5 billion for this purpose, and another $1.1 billion to support the rapid recovery of the energy sector of Ukraine and Moldova.”
Shmyhal said a new platform was being introduced to help coordinate the work of the G7 countries and international financial organizations, including the IMF and the World Bank, with regard to financial support for Ukraine.”
Shmyhal said he and Yellen had also discussed the financial and sanctions impact on the Russian budget. “We also discussed the continuation and effectiveness of sanctions on the supply of high-tech items to be used in the military sphere of Russia.”
