Ukrainian Finance Minister Sergii Marchenko said on Wednesday that $7.5 billion of the $40 billion promised by US President Joe Biden in aid funding would go to Ukraine's budget
MOSCOW (Pakistan Point News / Sputnik - 25th May, 2022) Ukrainian Finance Minister Sergii Marchenko said on Wednesday that $7.5 billion of the $40 billion promised by US President Joe Biden in aid funding would go to Ukraine's budget.
"Of the $40 billion in aid for Ukraine $7.5 billion will go to the Ukrainian state budget. It is grant money," Marchenko told Ukraina 24 television channel.
Ukraine's monthly deficit stands at $5 billion, the minister estimated, with most of the money coming from foreign donors.
Biden signed the Ukraine aid bill into law last week. It authorizes roughly $20 billion for the Pentagon to spend on security assistance for Ukraine, including the provision of military equipment. The bill will also provide almost $9 billion in economic assistance, over $4 billion in humanitarian aid and another $4 billion in foreign military financing through the State Department.
