More than half of direct budget aid comes from EU - Ministry of Finance

More than half of direct budget aid comes from EU - Ministry of Finance

Since the start of the full-scale invasion, the European Union has been the largest donor of direct budgetary assistance; in the first five months of 2024 alone, EU financial support accounted for more than half of all funds raised.

The press service of the Ministry of Finance reports this, according to Ukrinform.

"This assistance is an important element in keeping the financial system stable. I am grateful for the understanding of Ukraine's needs and the quick adoption of the necessary decisions," said Finance Minister Serhii Marchenko, speaking online at a meeting of the EU Economic and Financial Affairs Council (ECOFIN).

Regarding the implementation of the 2024 budget, Marchenko noted that international partners have assured further financial support for Ukraine.

Financial assistance from the EU is expected to be the largest in terms of volume and reach EUR 16 billion this year, provided that Ukraine fulfills the indicators of the Ukraine Plan.

Read also: Finance Ministry calls on FATF to blacklist Russia

Ukraine and international donors are actively working to meet Ukraine's priority needs in 2025.

The Minister of Finance emphasized the medium-term nature of the EU's Ukraine Facility, which provides support for 2024-2027.

In 2025, the Instrument provides EUR 15.2 billion of assistance to Ukraine, of which EUR 12.5 billion is budget support.

As reported, since the beginning of the full-scale invasion, Ukraine has attracted USD 85.4 billion in international financial assistance.

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