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EU and IMF Understand Need to Help Ukraine Finance Budget Gap, Zelenskiy Says
Ukraine says it needs more than $52 billion in foreign aid next year and is seeking another $27 billion for defense this year, officials said.
- On Sept 25, Ukrainian President Volodymyr Zelenskiy announced that the European Union and the International Monetary Fund recognize the critical need to help Kyiv finance its budget deficit and defense requirements.
- Ukraine is seeking an additional $27 billion for defense this year as war costs rise along the 1,200-km front line, with projections of more than $52 billion needed next year.
- "Everyone understands that Ukraine cannot be alone, and that more investment is needed in Ukrainian-made drones and missiles," Zelenskiy told reporters. He must secure orders in the coming months to avoid operational challenges early next year.
- An IMF mission will arrive in the coming months for a second review of Ukraine's financing program, Finance Minister Sergii Marchenko noted. Kyiv must finalize a budget funding plan by then, with further discussions expected in Brussels.
- Beyond defense, Kyiv relies heavily on foreign assistance to maintain essential social and humanitarian spending. The government has also asked to bring forward part of a loan from the European Union to support immediate needs.
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EU, IMF understand need to help Ukraine finance budget gap, Zelenskiy says
KYIV, Sept 25 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Friday that the European Union and the International Monetary Fund understood the importance of helping Kyiv finance its budget deficit and defence spending. Ukraine is seekin...
Ukraine must secure $27 billion to fill a gap in its defense budget in the next two months, otherwise it risks not being able to buy… Ukraine: $27 billion “hole” in defense budget – Zelensky asks for money - NAVAL TRADE
Both the European Union and the International Monetary Fund are aware of the financing needs of Kiev's budget deficit and defense spending.
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Leaning Left0Leaning Right3Center3Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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