Ukraine’s finance minister has called on its western allies to speed up disbursement of a $50bn loan, claiming delays in weapons deliveries had contributed to a yawning budget deficit that has left Kyiv scrambling to find money to pay its army.
Serhiy Marchenko told the Financial Times that the slow dispersal of weapons, especially from the US, had contributed to a $12bn rise in military spending.
The $12bn rise meant the country was set to record a deficit that other government officials have estimated at just under a quarter of GDP, or $43.5bn, this year.
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