Ukraine has UAH 126 bln in its treasury account, $40.3 bln in intl reserves – PM
Ukraine has more than UAH 126 billion in its treasury account as of March 3, as well as $40.3 billion in gold and foreign exchange reserves, Ukrainian Prime Minister Denys Shmyhal said.
"The treasury account also contains foreign currency. In fact, the budget execution for the first two months is plus more than UAH 2 billion, that is, we are filling our budget for January and February, and customs and tax authorities have fulfilled the plan," he said at a briefing in Kyiv on Tuesday.
Shmyhal said that he reported this information about the sufficiency of financial resources and the possibility of financing the state budget deficit of $38 billion in 2025 at the meeting with the Supreme Commander-in-Chief.
He recalled that Ukraine recently underwent the seventh review of the IMF program and will receive a tranche of $400 million, which was reduced from the previously agreed $900 million precisely due to the current availability of sufficient resources and the desire to receive this money later.
"All other instruments are actually concentrated around the IMF program: the Ukraine Facility from the European Union, under which we will receive EUR12.5 billion this year. Also, the infrastructure of the $50 billion ERA loan (income from frozen assets of the Russian Federation) is actually closed around this program: Europe will give us EUR18 billion this year in the form of a macrofinance," the prime minister said.
He added that the agreement signed with the participation of the president on March 1 with the United Kingdom would bring in more than $3 billion.
"We also have Japan and Canada with their contributions to the ERA program. We also work with the World Bank, with the EBRD, with other financial partners, with other countries. These are the Nordics, the Baltic countries, European countries, which also have smaller contributions, but we will receive from about 100 million, 300 million to 500 million in euros or dollars this year from other partners. All of this in total adds up to this budget deficit that we have," Shmyhal explained.