The National Bank of Ukraine announced in its monthly report on macroeconomics and finance that since the beginning of the year, Ukraine has received approximately $37.4 billion in international aid. This includes over $4.7 billion received in October and November alone.
The report, shared by the Ukrainian news agency Ukrinform, highlighted that the state budget deficit widened from October to November. From January to November 2023, the deficit surpassed 1.45 trillion hryvnias (Ukraine’s currency), including grants totaling 1.045 trillion hryvnias. The budget needs, as in the past, were primarily funded through international aid, amounting to nearly $37.4 billion since the start of the year, including the aforementioned $4.7 billion in October and November.
International aid to Ukraine has exceeded 113 billion euros since the start of the Russian-Ukrainian war in February 2022. Ukraine expects to receive $42 billion in international aid in 2023 and at least $37 billion in 2024, according to the report.
The U.S. Senate recently faced a blockade from Senate Republicans on a bill that would have provided about $50 billion in new security assistance for Ukraine, along with funds for humanitarian and economic aid. This blockade is tied to a broader dispute over border policy, with Republicans emphasizing the need for tighter immigration policies and control of the southern border. The bill’s failure to pass indicates a complex political landscape surrounding the allocation of international aid, especially from the U.S
Additionally, Congress recently passed a short-term funding bill, dropping additional support for Ukraine. This bill was passed to avoid a government shutdown, and it raises questions about Congress’ ability to provide further assistance to Ukraine. The bill omitted $6 billion in Ukraine aid, reflecting the growing division in the U.S. House of Representatives regarding support for Ukraine
