Budget Deficit: White House Running Out of Funds to Support Ukraine

Budget Deficit: White House Running Out of Funds to Support Ukraine

The Russia-Ukraine conflict is getting more intense by the minute and the White House is having a budget deficit to support Ukraine financially.

Budget Deficit Could Maim Kyiv

According to a budget official, Congress’s oversight to endorse further aid could maim Kyiv. The White House already warned the US will run out of funds by the year-end to support Ukraine.

“Without congressional action, by the end of the year we will run out of resources to procure more weapons and equipment for Ukraine and to provide equipment from US military stocks. There is no magical pot of funding available to meet this moment. We are out of money — and nearly out of time,” said White House Budget Director, Shalanda Young.

US President Joe Biden’s $106 billion appeal in emergency funding remains retarded in deadlock on Capitol Hill, pressed by growing Republican opposition to aid Kyiv. Some lawmakers tried to negotiate a bipartisan agreement that would include aid for Kyiv. Moreover, it should encompass new immigration and asylum procedures to minimise the number of undocumented individuals arriving in the US via its southern border.

Some of the proposals the Republicans have put forward include detention camps at US military bases and extended detention for children. Although an agreement has reached the Senate, it’s uncertain if it will pass the Republican-led House. Mike Johnson is the new House Speaker and is hesitant to fund Ukraine.

According to Johnson, the current administration is unsuccessful in addressing any of his (Johnson’s) conference’s legitimate matters about the necessity of a clear approach in Ukraine. He believed that both issues could be ratified if the White House and Senate Democrats deliberated rationally.

The White House’s budget deficiency warning emerges as European members struggle to accomplish a budget deal in Brussels that would aid Ukraine with €50 billion.

Seeking Additional Billions of Funds for Ukraine

To date, the US has sustained Ukraine with $111 billion in supplemental funding. In mid-November, the Department of Defense utilised 97% of the $62.3 billion for Ukraine. The State Department has appropriated all of the $4.7 billion in military assistance it obtained for Ukraine.

Moreover, about $27.2 billion of the $111 billion was utilised for Ukraine’s economic assistance and civilian security assistance. Young added that if the Ukrainian economy crumbles, they won’t be able to keep fighting, full stop.

President Biden needs $61.4 billion to support Ukraine as part of a $105 billion package. The funds also include aid for Taiwan, Israel, and US allies in the Indo-Pacific as well as border agents and facilities on the borders of the US and Mexico.

Bulgaria Blocks Donation of Armoured Personnel Carriers

Meanwhile, Bulgarian President Rumen Radev embargoes the country’s provision of armoured personnel carriers to Ukraine. According to the parliament, a certified agreement would send Ukraine with 100 Bulgarian armoured transport equipment. The  Bulgarian Ministry of Internal Affairs (MIA) and the Ukrainian Ministry of Defense inked the deal in August 2023.

Radev is ratifying the deal for a second vote in the National Assembly. He said the armoured equipment could be used to guard the Bulgarian border.

“I am guided by the conviction that the security, health and life of Bulgarian citizens should be a top priority,” said the Bulgarian president.

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