Budget committee: Ukraine counts on financial aid from EU, US but prepares for delay

Roksolana Pidlasa, MP and head of the budget committee of the Ukrainian Parliament, said the country counts on financial aid from partner countries but is already preparing for the challenging first quarter of 2024 due to delays.

byBohdan Ben

17/12/2023

1 minute read

Roksolana Pidlasa, MP and head of the budget committee of the Ukrainian Parliament. Photo by the Sluha Narodu press service

Budget committee: Ukraine counts on financial aid from EU, US but prepares for delay

Twenty-six member states of the European Union made a principled decision that financial aid for Ukraine should be included in the EU’s multi-year budget for the next four years. That’s why Ukraine is sure this aid will eventually be provided.

“In January, a summit of the heads of the European Union member states will decide that Ukraine will become part of the seven-year EU budget, and the Ukraine Facility program will be launched, for which we are drawing up a reform plan. Ukraine will receive tranches of aid after fulfilling the conditions of this plan,” the MP said.

According to her, there is currently no doubt that the European Council will approve this support package.

“The main question is when we will be able to receive the first tranche. We may have a rather difficult period in the first quarter [of 2024] when funding from all international partners has not yet arrived, so we expect that the EU will decide on providing budgetary support to Ukraine as soon as possible,” Pidlasa emphasized.

Ukraine squeezes every last drop for defense in 2024 budget, Russia still 2.5x more

You could close this page. Or you could join our community and help us produce more materials like this. We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Will the West continue to support Ukraine?

Know what moves the world.
Premium journalism from across Europe.
Tailored to your needs, translated into English.

Special discount

for Euromaidan Press readers

We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!