Expert: crisis of the Ukrainian budget continues

Economist and politician Pavel Kukhta analyzed the current state of the Ukrainian budget. It is reported by NV.

According to the expert, the budget crisis does not disappear, but rather intensifies. Kukhta noted that “as of today, the outstanding financial liabilities of the Treasury Service amount to almost UAH 15 billion”.

“For comparison, at the end of 2019, when problems with the budget also appeared, the weekly indicator of unpaid financial obligations never exceeded 5.2 billion hryvnia (three times lower than now!). During 2020 – only twice (in June and August) was within 6 billion. Problems with budget implementation are the most significant in recent years”, – the expert noted.

Kukhta hopes that the critical state of the budget will still make it possible not to affect the payment of salaries and pensions. According to him, “income in November and December should be enough just for salaries, pensions and social benefits”.

“The government has failed very badly in both planning and implementation this year. It is clear that the only normal way out is to quickly fulfill the conditions of the IMF and raise funds in the form of borrowings. This, at least, would reduce the scale of the budget crisis”, – the economist believes.

Expert: crisis of the Ukrainian budget continues