How much money does Ukraine lack? Budget deficit, partner assistance, and prospects for 2025

Due to the delay in US military aid, the government was forced to shift defense expenditures from the end of the year to “now.” As a result, a $12 billion gap has emerged in the budget, and the authorities have started discussing tax increases.

At the event, together with government and parliament representatives, we discussed where to find funds to cover the budget gap, how much foreign financing is still expected this year, and what the prospects are for 2025.

Additionally, we traditionally reviewed the main changes in the country’s economy over the past month. Reports from previous months are available on our website, and data visualization can be found in the Ukraine War Economy Tracker.

Participants:

• Gavin Gray, the IMF mission chief for Ukraine.
• Olena Bilan, Director of the analytical department at Dragon Capital and member of the CES Supervisory Board.
• Olga Zykova, Deputy Minister of Finance of Ukraine.
• Volodymyr Tsabal, Secretary of the Budget Committee of the Verkhovna Rada of Ukraine.

Moderator: Hlib Vyshlinsky, Executive Director of CES.