Ukraine Ends 2024 with 42 Billion Dollars Budget Deficit
TEHRAN (ANA)- The National Bank of Ukraine reported that the war-hit country's annual budget deficit reached 1.77 trillion hryvnias (about 42 billion U.S. dollars), showing nearly 33 percent increase last year.
Despite the increase, the deficit was lower than the projected budget gap of 1.85 trillion hryvnias (about 43.8 billion U.S. dollars), according to the report by the National Bank of Ukraine.
The document noted that a record influx of foreign aid in December allowed Ukraine to cover state budget expenditures and build a liquidity reserve for early 2025.
Defense and security, along with social programs were the primary areas of Ukraine's budget spending in 2024.
Last year, Ukraine received 41.7 billion U.S. dollars in foreign budget support.
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