Prime Minister of Ukraine, Denys Shmyhal, reported that the nation has secured approximately $12 billion in foreign aid since the start of the year to combat its budget deficit.
Last October, addressing the forum of the World Bank and International Monetary Fund, Shmyhal stated that Ukraine is in need of close to $42 billion for the upcoming year to bridge its budget gap, which is anticipated to represent about 21% of the country’s GDP in the current year.
Shmyhal recently acknowledged the procurement of 1.5 billion euros from the European Union and announced an upcoming $8 billion in aid from the United States, following the passage of a related aid package.
He went on to mention the importance of these financial contributions for funding healthcare services, salaries of medical practitioners and educators, and social aid programs. “We are thankful to our allies and partners for their backing,” commented Shmyhal.
After a lengthy period of political disputes, the U.S. House of Representatives approved a foreign aid package worth $60.84 billion on April 20. This legislative action was completed with the U.S. Senate’s consent to the bill and President Biden’s enactment of it into law.
FAQ About Ukraine’s Financial Aid
- How much international aid has Ukraine received this year?
Ukraine has acquired around $12 billion in international aid for the current year. - What is the purpose of the international aid received by Ukraine?
The aid is essential for addressing the budget deficit and ensuring the functioning of vital services such as healthcare, education, and social programs. - What did the United States contribute to Ukraine’s aid?
The United States has passed an aid package amounting to $60.84 billion, with a significant portion intended for Ukraine.
Conclusion
In the wake of immense economic challenges, Ukraine has been bolstered by significant financial support from the international community. The dispersal of approximately $12 billion in aid underlines global confidence in Ukraine’s resilience and the commitment of its allies to ensure the continuity of critical public services. With further assistance anticipated, Ukraine demonstrates a profound gratitude towards its global partners for the unwavering support in these trying times.
Note: TheUBJ is a curator of content and does not claim ownership of the original content which is derived via AI news feed technology based on various internet sources. The original link is kyivindependent.com.