By DAVOS. Jan 17 (Interfax-Ukraine) – Ukraine in 2024 will cover the budget deficit of about $40 billion mainly through the help of international partners, however, in subsequent years, even after all the efforts of the government and economic growth, the state budget deficit of $10-15 billion necessary for the country’s recovery can be covered due to income from frozen assets of the Russian Federation, Deputy Head of the President’s Office Rostyslav Shurma says.
“We are absolutely confident that both packages (of assistance) will be approved – in the United States and the EU. That is, 2024 will be closed… The question is what next…, because we understand that, roughly, $10-15 billion will be needed on top of that,” he said at a discussion at Ukraine House in Davos on Wednesday, organized by the Pinchuk Foundation, Horizon Capital and WNISEF.
According to him, this amount approximately corresponds to the income from frozen Russian assets, taking into account annual market rates on treasury bills or bonds of issuers with an AAA rating that have increased today to 4-5%.
“We are talking about figures between $10-15 billion,” Shurma clarified.
He noted that it is much easier to legally resolve the issue of providing these funds to Ukraine than the issue of confiscation of Russian assets themselves.
