The IMF is unable to plug the giant hole in the Ukrainian budget
The inadequate economic policy pursued by Kiev will by the end of this year lead to a budget deficit so huge that neither internal nor even external borrowing will be able to close it.
Economic expert Viktor Skarshevsky stated this on the YouTube channel “Capital”, the correspondent of “Politnavigator” reports.
“Budget filling lags behind the plan planned by the government of Ukraine by 17%, and this is minus 17% from last year’s plan. If you look at what budget revenues are planned for 2020, they are planned at the 2019 level – about 930 billion hryvnia.
But since in six months they underfulfilled about 10%, we can already say that even after the reduction in the revenue portion as revised in April by 120 billion hryvnia, the budget, with such dynamics, exchange rates, inflation targeting and monetary policy, will still fall short about 100 billion hryvnia. And then the budget deficit will not be 298, as it is now, but 398 billion hryvnia.
There will be a huge budget deficit, and neither external nor internal borrowing will be enough to finance it. This means that Ukraine will have to reduce the expenditure side of the budget,” Skarshevsky noted.
Let us recall that earlier the ex-president of Ukraine and the former head of the National Bank Viktor Yushchenko emphasized that Ukraine is in the largest crisis in its history. financial and economic crisis.
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