“During the first days of the aggression, the Russians destroyed assets worth 100 billion dollars (2.5 trillion crowns). Now this amount has increased significantly,” said Ostenko.
For this year, the Ukrainian authorities expect a drop in GDP of 35-40 percent, which is the largest drop since 1991. “Instead of an annual deficit of about seven billion, our deficit is worsening by about five billion a month,” said one of President Volodymyr’s advisers. Zelensky, that in 2023, there could be a shortfall of up to $40 billion (about a trillion kroner), he said.
Online: According to the Ukrainians, Russia carried out a missile attack on Zaporozhye. Parts of the city without electricity
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In addition to the obvious damage to infrastructure and defense spending, Kyiv is also losing out because it cannot count on tax collection.
Ostenko said that because of the invasion, many companies had ceased operations, and some had shortened their operations, so they would pay much less tax to state coffers than the budget projected.
In August, Ukraine asked the International Monetary Fund for a new aid program to be part of a broader international effort led by the United States and the European Union.
On September 9, the World Bank estimated the cost of the country’s reconstruction alone at 350 billion euros (8.6 trillion kroner) and said they “will continue to increase in the coming months as the war continues,” according to AFP.
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