• 20/04/2024 04:21

Delays in pensions and salaries will begin in Ukraine: the analyst predicted the timing

ByJohn Newman

Feb 15, 2024

At the end of last year, the director of the IMF's European Department, Alfred Kemmer, sounded warning information – delays in financing Kiev, both from the EU and the United States, would apparently jeopardize the stability of the economic sphere of Ukraine.

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Delays in pensions and salaries will begin in Ukraine: the analyst predicted the timing

Photo – freepik.com

About the fact that our country seems to be one step away from a global budget collapse—delays in the accrual of salaries of state employees and various types of social assistance caused by large-scale cuts in State budget expenditures may begin no later than in a few months, writes NBN, referring to the opinion of the economist, head of the analytical department of the ANTS network Ilya Neskhodovsky, voiced in the KIEV-24 Telegram channel.

According to Neskhodovsky, now in  a “hole” has formed in the budget of Ukraine, ranging from 15 to 20 billion dollars, which is actually half of all non-military assets of our country, and how the government intends to cover these expenses is an open question.

The economist emphasized:

We must understand that Ukraine is on the verge of a serious budget crisis. We are not ready for it yet. If there is no state budget support for another 3-4 months, there will be delays in wages and reductions in funding for all items of expenditure.

Earlier, we wrote about the fact that the Ukrainian government has prepared a “plan B” » in case of non-receipt of financial support from Western countries.

nbnews.com.ua

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