Ukraine continues to receive support from international partners in an important economic and political context. According to the announcement of the Prime Minister of Ukraine Denys Shmyhal, the country's government expects to receive significant financial aid from the European Union in 2024. This will allow Ukraine to maintain stability and support the economy in the face of challenges and difficulties.
The financial assistance of the European Union for Ukraine in 2024 is expected to amount to 16 billion euros. We are talking about the Ukraine Facility program, which is designed for four years. This was announced by Prime Minister Denys Shmyhal on March 1.
According to him, the budget of the program itself is 50 billion euros.
"This is support for investments, support for our economy and our movement towards membership in the European Union. This year, we expect to receive EUR 16 billion in budget aid from the European Union," said the Prime Minister.
He also noted that on March 1, the government will approve the "Reform and Recovery Support Program" with the European Commission. The agreement provides that the total budget of the program will increase to 374 million euros.
"These funds will be used to restore destroyed infrastructure facilities, support small farms and other producers of agricultural products, and modernize checkpoints adjacent to the EU border," says Shmyhal's message.
The head of the Cabinet also talked about other joint projects with international partners.
"Today (March 1, — editor), we will approve and submit to the Verkhovna Rada for ratification the agreement with Slovenia on support for the humanitarian demining program in Ukraine. Slovenia will provide a grant in the amount of more than 50 million hryvnias (1.5 million euros) to help us go through the process of such demining faster," Denys Shmyhal emphasized.
On February 1, it became known that on February 1, at a special summit in Brussels, EU leaders approved the allocation of 50 billion euros to Ukraine within the framework of the Ukraine Facility program. The program is designed for 2024-2027.
On February 5, the Council of the EU and the European Parliament previously agreed to create a new instrument to support the recovery, reconstruction and modernization of Ukraine — the Ukraine Facility. The document must be approved by the European Parliament at the plenary session scheduled for February 26-29, 2024.
Ukrainian Prime Minister Denys Shmyhal previously claimed that the Ukrainian government will direct a significant part of the funds received from the European Union to the budget in order to finance the budget deficit.
