The State Budget of Ukraine has received grant funds of $1.25 billion on March 29, the Ministry of Finance of Ukraine reported.

The ministry said in a press release that the funds were provided by the United States of America through the World Bank Trust Fund as part of the fourth additional financing for the Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE) project.

The grant funding will be used to provide partial reimbursement of State Budget expenditures, in particular for pension payments, support for certain state social assistance programs (assistance for IDPs), and to pay salaries of public employees, employees of the State Emergency Service and employees of higher education institutions.

Since the start of Russia's full-scale invasion, Ukraine has already received $15.5 billion in grants from the United States, the Finance Ministry recalled.

As reported, the external financing needs of Ukraine's state budget in 2023 are about $38 billion, and after a recent increase in spending by UAH 537 billion, they are already estimated at $42.5 billion.

According to the Ministry of Finance, since the beginning of this year as of March 29, funding from international partners has already reached $9.17 billion, compared with $32.14 billion last year. Including this year, $3.5 billion in grants were received from the United States, $4.85 billion in loans from the EU, and another $495 in loans and guarantees from the UK.

Domestic financing through government bonds this year amounted to $3.43 billion.