• 17/07/2024 16:21

Possible delay in financing Ukraine: Getmantsev explained what will happen to social payments

Recently, information has increasingly appeared that the government of our country will soon have difficulties with the ability to stably make various payments starting from January 2024, and such a negative process will affect not only pensions, but will also affect salaries of all categories of public sector employees.

Possible delay in the financing of Ukraine: Getmantsev explained what will happen to social payments

Photo – freepik.com

About what scenario is likely , if Kiev is left without monetary support from partner countries, NBN writes, citing the opinion of the head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, Daniil Getmantsev, published in Forbes-Ukraine.

According to Getmantsev, special problems with replenishing the state budget in the critical scenario described above are not expected, since at this stage Kiev has enough funds in its treasury accounts.

In addition, a “certain reserve” will be formed strength”: in December, Ukraine will be provided with 1.5 billion euros from the European Commission and $1 billion from Norway, and this does not include funds already received in the amount of $2.1 billion from Japan, and $900 million from the International Monetary Fund.

However, the head of the relevant parliamentary committee added that if financial assistance is still not received in a timely manner, then there are several options for solving the crisis that will help maintain the payment of pensions and the like:

  • first cutting state budget expenditures;
  • second is budget emission or launching the printing press, which will cause a surge in inflation and destabilize the economy.

Earlier, we wrote about that Getmantsev revealed the scale of Ukraine’s financial losses from the blocking of the borders.


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