KYIV (Reuters) – Prime Minister Denys Shmyhal mentioned on Tuesday that Ukraine wanted an additional $15 billion to cowl its funds deficit in 2025.
He mentioned that Ukraine estimated the entire funds hole for subsequent yr to be $35 billion, with plans in place to cowl $20 billion. The deficit was about $38 billion in 2024, in keeping with Ukrainian authorities estimates.
Shmyhal mentioned the federal government deliberate tax will increase and extra borrowing on the home debt market to lift further funds for its struggle towards Russia. Parliament is because of debate these proposals in September.
As a part of efforts to lift further funds, the prime minister additionally pledged to work to scale back the shadow economic system and enhance tax revenues.
Ukraine has acquired about $100 billion of monetary assist from its companions for the reason that begin of Russia’s full-scale invasion in 2022, he added.