NBU governor: Ukraine to get about $45B in loans and grants this year

NBU governor: Ukraine to get about $45B in loans and grants this year

Ukrinform
According to forecasts of the National Bank of Ukraine, the total amount of financial assistance in the form of loans and grants will reach about $45 billion dollars in 2023.

"The total volume of financial assistance in the form of loans and grants is expected to reach about $45 billion this year. These revenues remain the main source of covering the high deficit of the state budget which will expand to almost 29% of GDP this year," Governor of the National Bank of Ukraine Andriy Pyshnyy told a briefing on October 26, an Ukrinform correspondent reports.

Thanks to international aid, he noted, Ukraine is also able to finance a significant current account deficit, and the NBU is able to maintain a high level of international reserves and balance the currency market.

As reported, Ukraine has received almost $33 billion from the G7 countries since the beginning of the full-scale war. These funds have become crucial in ensuring the balance of the state budget of Ukraine and financing critical expenditures.

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