NBU named the source of budget deficit coverage.

NBU's involvement in budget deficit
NBU's involvement in budget deficit

The National Bank of Ukraine reported that the main source of budget deficit coverage is active work in the domestic borrowing market to attract 220 billion UAH of net financing by the end of the year.

This statement was made by NBU Chairman Andriy Pyshny at a meeting of the NBU Board with representatives of 30 leading banks.

Pyshny emphasized that the banking system has sufficient potential for this.

"Considering the growing budget needs due to the prolonged war, Ukraine is reaching out to partners to increase financing," noted Pyshny. - "However, our country must first make its contribution to the common fund".

First Deputy Head of NBU Kateryna Rozhkova urged banks to take this into account in their investment plans for the end of the year, particularly regarding the purchase volumes of government bonds.

"We mean not reselling, but additional plans, net growth for financing budget needs," clarified Rozhkova.

Read also

Get access to the fresh news channel 112.ua

Go