JAKARTA - Ukraine is predicted to run out of money to fund its war operations in June amid difficulties in obtaining financial assistance from the West.
The head of the Ukrainian Parliament's Finance Committee, Danylo Hetmantsev, said his party was on the verge of a financial disaster.
According to him, the EU loan of 106 billion US dollars and a memorandum with the International Monetary Fund (IMF) are at risk of failing.
Hetmantsev also urged lawmakers to start working on fulfilling the requirements necessary to continue external funding.
According to the report, the combination of these factors threatens aid worth tens of billions of euros from Ukraine's main sponsors.
Reporting on ANTARA, Friday, March 27, Bloomberg reported that the aid included EU loans that Hungary blocked as well as IMF loans that depended on Kiev by implementing tax reforms - something Ukraine has so far failed to achieve.
The NATO Priority List of Needs for Ukraine (PURL) weapons supply program is also facing challenges. Ukraine's ambassador to NATO, Alena Getmanchuk, told Bloomberg that most of the equipment was funded by a small group of countries, making it increasingly difficult to ask for help.
According to Kiev's calculations, Ukraine needs 15 billion US dollars (about Rp254 trillion) this year to buy American weapons, with a total need for foreign aid reaching 52 billion US dollars (about Rp883 trillion).
Ukraine's budget deficit has reached record highs in recent years, relying on Western aid to cover it. The 2026 budget was passed with a deficit of 1.9 trillion hryvnia, or the equivalent of 45 billion US dollars (about Rp764 trillion).
Kiev continues to rely on external financing to cover the budget gap, although Western partners continue to warn Ukraine that it must find its own sources of financing. New aid packages are also facing a long debate in donor countries.
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