Article 6 — Ukrainian Financing Strategy

1. In order to receive financial and economic assistance under the Ukraine Support Loan, Ukraine shall submit to the Commission, in principle each year, the Ukrainian Financing Strategy. The Ukrainian Financing Strategy shall provide details on Ukraine’s financing needs and financing sources, in principle for the forthcoming 12 months. 2. The Ukrainian Financing Strategy shall contain: (a) the main macroeconomic assumptions underpinning the Ukrainian Financing Strategy; (b) information on Ukraine’s budget, per quarter and per year, including: (i) the targeted budget balance for the general government, broken down by subsector of general government; (ii) the projections for expenditure and revenue for the general government and its main subsectors, and their main components according to their economic classification; (iii) relevant information on general government expenditure by function, particularly on defence; (iv) a description and quantification of the expenditure and revenue measures to be included in the budget; (v) an annex containing the methodology and assumptions, and any other relevant parameters, underpinning the budgetary forecasts. (c) information on Ukraine’s past and projected financial developments in the general government, per quarter and per year, including: (i) information on the liquidity situation (cash balance) for the general government and its main subsectors; (ii) debt amortisations; (iii) a debt issuance strategy; (iv) other debt creating and reducing flows; (v) the stock of payment arrears and its projected developments. (d) information on the implementation of previously granted assistance under the Ukraine Support Loan, including any financial recoveries thereof; (e) information on projected in-kind military assistance needs; (f) on the basis of Ukraine’s budget and the projected in-kind military assistance needs, the expected external financing needs for the period covered by that Ukrainian Financing Strategy, including a breakdown of the amounts in that budget necessary for the objectives set out in Article 2(2). That breakdown shall contain the value of defence products to be purchased outside the Union and Ukraine; (g) committed and expected external financing and in-kind military assistance at the time of submission of the Ukrainian Financing Strategy for the period covered by that Ukrainian Financing Strategy, including a breakdown of the amounts of that external financing to be used in line with the objectives set out in Article 2(2); (h) on the basis of the information in points (f) and (g) of this paragraph, the expected external financing gap for which Ukraine seeks assistance under the Ukraine Support Loan under that Ukrainian Financing Strategy, including a breakdown of the amounts of that expected external financing gap for the objectives set out in Article 2(2); and (i) in order to support multiannual expenditure under Chapter IV of this Regulation, information on potential multiannual needs and a corresponding budget. 3. Ukraine may submit updated Ukrainian Financing Strategies until such time as the maximum amount of the Ukraine Support Loan referred to in Article 4(1) has been made accessible under the Ukraine Support Loan in accordance with Article 8.