Investor Presentaiton
Budget-financed economic stimulus package
Benchmarking of peers' Covid-19 budget-financed stimulus packages as % of GDP
Governments
globally have
introduced a
comprehensive and
ambitious set of
policy responses
with an aggregate
amount of fiscal
packages being
close to US$ 9.9tn
(or 11.4% of global
GDP as of end-2019)
with about 80
countries adopting
budget-financed
stimulus of at least
1% of GDP
5.0%
4.4%
3.7%
2.7%
2.1%
1.6%
1.6%
1.5%
1.0%
0.8%
0.8%
0.7%
Lithuania
Czech Bulgaria Poland
Republic
Georgia Ukraine
Egypt
Turkey
Slovak Morocco Romania Albania
Republic
C⭑
+
+
+
+
Ukraine's committed fiscal package to Covid-19 economic and social impact is broadly comparable with those of its peers in terms of
the response
fund size as % of projected 2020 nominal GDP
Out of the UAH 65bn of Covid-19 response fund, decisions for disbursement have been made for UAH 27bn (c.42%) on non-
refundable basis and UAH 1.3bn (c.2%) on refundable basis, as of June 1, 2020
The financing from the Covid-19 response fund is directed towards:
Purchase of goods and services for prevention of Covid-
19 spread, including medical services within the program
of state guarantees for medical care of population
Increase of salaries of medical and other workers
directly fighting with Covid-19
One-time financial assistance to families of medical and
other healthcare workers who have died due to Covid-19
Provision of financial assistance to socially vulnerable
categories of population, in particular elderly
Refundable and non-refundable financial assistance to
Social Insurance Fund of Ukraine and Compulsory State
Social Insurance Fund of Ukraine for Unemployment
Replenishment of the reserve fund of the state budget
BA
July 2020
Sources IMF, CMU, Ministry of Finance
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