Ukraine’s Rada approved a draft budget for 2023 in a closed session. The spending plan has a $30 billion deficit which Kiev largely expects to be covered by Washington. The White House has sent Ukraine tens of billions in aid since Russia invaded in February.
Yaroslav Zheleznyak, the first deputy chairman of parliament’s finance, tax and customs policy committee, said the first reading was passed by the legislature on Friday. The spending package will need to be resubmitted before receiving final approval.
Andrii Pyshnyi, the newly appointed head of Ukraine’s central bank, said the budget includes a $30 billion shortfall. Pyshnyi indicated that Kiev’s international partners are willing to cover the deficit.
Last month, Ukraine’s Prime Minister Denys Shmyhal noted the government expected a $38 billion deficit. He said the US would provide $18 billion and the European Union and International Monetary Fund would combine to give $12 billion.
Over the past seven months, the White House has spent nearly $70 billion on the war in Ukraine. The US spending on the war includes direct assistance to fund the government in Kiev and weapons transfers.
Western aid to Ukraine is announced almost daily. On Thursday, USAID announced $55 million in assistance for Kiev. On Friday, The IMF approved $1.3 billion in additional emergency funding for Ukraine.
Still, Kiev says aid is now flowing fast enough. On Monday, Oleg Ustenko, an economic advisor to Ukrainian President Volodymyr Zelensky, told the EU that they must increase the pace of aid and delays were "not acceptable."