Ukraine's state budget on Tuesday, July 12, received a $1.7 billion grant from the United States, the Ministry of Finance said.
"These funds were provided from the One Donor Trust Fund established by the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), and the U.S. Agency for International Development (USAID)," the release specifies.
It quotes Ministry of Finance Serhiy Marchenko as thanking the U.S., "who have long been key and reliable partners of Ukraine, especially during this difficult historical period for us.
The money will be used to cover the costs of the general fund of the state budget, to pay for medical services under the Program of medical guarantees in the amount of the necessary labor remuneration with accruals.
The Ministry of Finance reminded that on June 29, the state budget already received a $1.3 billion grant from the United States.
The U.S. Congress passed a bill in May on allocating $40 billion in aid to Ukraine, including $7.5 billion for the state budget.
The government of Ukraine estimates its monthly budget deficit financing needs at $5 billion. Finance Minister Serhiy Marchenko earlier predicted that international financial support for Ukraine will increase to $4.8 billion in June from $1.5 billion in May. In practice, thanks to the funds received at the end of the month, it turned out to be close to $4 bln.
According to the head of the Ministry of Finance, in July the government expects the same amount of foreign financing as in June. In particular, the EU loan of EUR 1 bln is expected.