Ukraine will resort to emission financing of the budget in 2023 only if there are no other sources to cover the costs of the budget. This is stated in the letter of intent to the Memorandum on the loan program with the IMF.

It is noted that the authorities undertake to cancel emission financing of the estimate and will resort to it in urgent cases..

[see_also ids\u003d"

“Given the risks of monetary financing for prices and external stability, we have successfully kept it at the expected level in 2022 (400 billion hryvnias) and plan to phase it out in 2023,” the document says..

At the same time, it is noted that in the event of a delay in external financing or the presence of unscheduled critical expenses, the authorities will seek internal resources to cover expenses, including government bonds, and only as a last resort apply to the National Bank for financing and in strictly defined volumes..

At the same time, the letter expresses conviction about the continuation of external financial support for Ukraine..

[see_also ids\u003d"

As a reminder, the authorities plan to prepare a plan for the gradual lifting of foreign exchange restrictions and take this step when conditions are necessary for this..