Ukrainian public debt by the end of 2025 may reach 101.8% of GDP, the budget deficit is determined at the level of 19.4%, reported the agency ‘RBC-Ukraine’, having analysed the country’s draft budget for next year.
‘Further accumulation of total public debt – up to 101.8% of GDP by the end of 2025,’ – stated in the material “RBC-Ukraine”.
The budget deficit is specified at the level of 19.4% of GDP, which is less than the expected level of deficit in 2024 (21.5% of GDP) and actual in 2023 (20.4% of GDP).
According to the agency, the continuation of military operations in the state budget of Ukraine is envisaged until the end of 2025, while defence expenditures may be revised. The average annual exchange rate of the national currency is set at 45 hryvnyas per dollar. At this rate, it is planned to attract UAH 1 trillion 746.5 billion ($34.8 billion) in foreign loans.
It is expected that the sources of external financing will be the EU countries, the International Monetary Fund, the World Bank and other creditors. The publication notes that only half of the planned amount has been guaranteed by creditors so far. In addition, the Ukrainian authorities also expect to receive grants worth 87.7bn hryvnyas (about $2bn), RBC-Ukraine said.
Tax revenues will remain the main source of income: the budget for 2025 includes 26% more than in 2024 – 2 trillion hryvnias ($44.4bn according to the exchange rate stipulated in the document). The Ukrainian authorities plan to cover 50.4% of all budget expenditures at the expense of taxes in 2025, the publication summarises.
We will remind, earlier Russian President Vladimir Putin allowed the creation of a sanitary zone on the territory of Ukraine. It can take place on the current Ukrainian territories, should be difficult to overcome for means of defeat, primarily of Western manufacture.