WSJ: Ukraine needs $5 billion monthly to keep its economy afloat

    WORLD  13 August 2022 - 10:39

    Ukraine's monthly budget deficit is about $5 billion. 

    Due to this, the country has difficulties with the fulfilment of social obligations and the financing of hostilities, The Wall Street Journal reports.

    A total of 60% of the entire budget is spent on conflict-related spending. At the same time, tax revenues cover only 40% of government spending. GDP is expected to fall by 30% by the end of the year.

    The publication clarifies that Kyiv plans to compensate for the costs through external assistance. But out of the $9 billion package of macro-financial assistance promised by the EU countries, the country has so far received only $1 billion. Another source of budget replenishment could be the emission of money, but it is not enough.

    Serhiy Nikolaychuk, deputy head of the National Bank of Ukraine, said that the country could meet all its debt obligations with monthly external assistance of $3 billion.

    Caliber.Az




Read also

Germany, Spain ratchet up pressure on Macron over proposed gas pipeline

07 October 2022 - 09:00

Swiss pursue home-grown energy panacea

06 October 2022 - 17:40

Malaysia PM Ismail raises prospect of early election

07 October 2022 - 08:31

North Korean warplanes stage bombing drill after two ballistic missiles fired

06 October 2022 - 17:35

BYD keeps No.2 rank in global EV battery market

07 October 2022 - 08:03

UK's top 10 baby names revealed: Who's in and who's out?

07 October 2022 - 07:30
ADVERTS
Latest news

    Official: NATO support tnormalisation of relations between Azerbaijan, Armenia

    07 October 2022 - 09:10

    Germany, Spain ratchet up pressure on Macron over proposed gas pipeline

    07 October 2022 - 09:00

    Malaysia PM Ismail raises prospect of early election

    07 October 2022 - 08:31

    BYD keeps No.2 rank in global EV battery market

    07 October 2022 - 08:03

    Qarabağ FK stuns Olympiacos in Greece with brilliant performance

    07 October 2022 - 07:41

    UK's top 10 baby names revealed: Who's in and who's out?

    07 October 2022 - 07:30

    Three in four Americans say US should support Ukraine despite Russian threats

    07 October 2022 - 07:02

    Gunmen kill 18 in attack on city hall in southern Mexico

    07 October 2022 - 06:29

    Renewables meet 100% increase in global power demand

    07 October 2022 - 06:00

    US could ease Venezuela sanctions, allow Chevron to pump oil: WSJ

    07 October 2022 - 05:30

    EU diplomat reveals date for launching military training mission for Ukraine military

    07 October 2022 - 05:00

    Germany introduces new COVID rules amidst rising infections in colder months

    07 October 2022 - 04:30

    International Space Station to have first Native American woman austronaut

    07 October 2022 - 04:00

    Should China expect nuclear test by N. Korea during critical congress?

    Opinion by Al Jazeera

    07 October 2022 - 03:30

    Humans have new rival in french fries making: robots

    07 October 2022 - 03:00

    Growing inflation threatens legendary Spanish restaurant menu

    07 October 2022 - 02:30

    DNA findings reveal original location of first people calling themselves English

    07 October 2022 - 02:00

    President Aliyev: "This will close the page of war and enmity"

    07 October 2022 - 01:46

    Azerbaijani President: "The European Union is a very important partner for us"

    Full text of interview with Azerbaijani TV channels

    07 October 2022 - 01:36

    Ukrainian "surrender hotline" busy with calls from thousands of Russians, says Ukraine

    07 October 2022 - 01:30

    SpaceX rocket delivers 52 more Starlink internet satellites into orbit

    07 October 2022 - 01:00

    Azerbaijani President: Peace treaty with Armenia can be signed by end of this year

    07 October 2022 - 00:50

    American tourist ruins two sculptures in the Vatican

    07 October 2022 - 00:32

    Uganda president sorry for son's threat to invade Kenya

    07 October 2022 - 00:01

    Spain passes law to bring "justice" to Franco-era victims

    06 October 2022 - 23:30

    Olympiacos fans attack Qarabağ FK's supporters

    VIDEO

    06 October 2022 - 23:27

    Erdogan: I believe we can achieve our goal of full normalisation with Armenia

    PHOTO/UPDATED

    06 October 2022 - 23:09

    President: Whole world community now clearly understands that Karabakh is Azerbaijan!

    06 October 2022 - 23:02

    Vatican cardinal seems to compare German church reform plans to Nazi theology

    06 October 2022 - 23:00

    President Aliyev: This year Azerbaijan to increase gas exports to Europe by about 30-40%

    06 October 2022 - 22:52

    Ilham Aliyev: Armenian terror against Azerbaijan continues

    06 October 2022 - 22:39

    Ukraine wins back territory, support, but Russia to test West's resolve again

    06 October 2022 - 22:33

    President Aliyev: We highly appreciate invitation of Azerbaijan to this event

    06 October 2022 - 22:31

    Ilham Aliyev: Greater part of agreement with EU has already been agreed

    06 October 2022 - 22:09

    Oscar-winning actor to stand trial on New York sex abuse claim

    06 October 2022 - 22:00

    President Aliyev: In any case, peace process has already gained momentum

    UPDATED

    06 October 2022 - 21:54

    Nigerian oil export terminal has theft line into sea

    06 October 2022 - 21:30

    Leaders of Azerbaijan, EU, France, Armenia meet in Prague

    PHOTO/UPDATED

    06 October 2022 - 20:44

    Resettlement to Shusha to begin in late 2023

    06 October 2022 - 20:20

    Turkish minister says TANAP’s capacity to be doubled

    06 October 2022 - 20:05

    Erdogan jokingly invites Macron to join Organization of Turkic States

    06 October 2022 - 19:50

    Azerbaijan brings back 15 citizens kept in Syrian camp

    06 October 2022 - 19:15

    Azerbaijani MoD accuses Armenia of lying

    06 October 2022 - 19:00

    President Aliyev: Karabakh Armenians are our citizens

    06 October 2022 - 18:45

    Vardan Oskanyan: Armenia cannot expand Azerbaijani agenda

    06 October 2022 - 18:35

All news