watch us on facebook
Finance Ministry predicts state budget deficit of $5-7 billion per month.
April 12, 2022 2:32 PM 1 min read
This audio is created with AI assistance
Finance Minister Sergii Marchenko said in an interview with the Financial Times that Ukraine's state budget deficit is likely to increase from $2.7 billion in March to $5-7 billion in April and May.
"We are in a state of great stress, in the worst condition. This is a matter of our country's survival," he added.
The official also said that the estimate of infrastructure losses due to Russia's war has risen to $270 billion while it was $120 billion at the end of March, according to the figures presented by Prime Minister Denys Shmyhal.
The Kyiv Independent news desk
We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.