Ukraine Scrambles for Funds Amid War
Ukraine faces a severe budget crisis as relentless Russian airstrikes devastate its industrial base and reduce tax revenues. The government grapples with soaring military costs and delayed foreign loans to bridge a massive funding gap.
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Ukraine needs $56 billion this year to plug a gaping budget deficit as continuous airstrikes by Russia shatter its industrial heartland. The funding shortfall amounts to a quarter of economic output, driven by soaring military expenses. Kyiv faces its steepest financial squeeze since the full-scale invasion.
