The National Bank is leading Ukraine into a stupor
The economic policy of the Ukrainian government will lead to a drop in industrial production, a trade deficit and a powerful devaluation. So far, the situation is being saved only by guest workers, who transfer colossal funds to the country.
Political scientist Taras Zagorodniy said this on air on the Khvylya Internet channel, the PolitNavigator correspondent reports.
According to the expert, after the new year, industrial enterprises will be forced to reduce about 15% of their staff.
“There is a shortfall in the budget for customs, the NBU is already complaining that their revenues have fallen, also by 12 billion. That is, they themselves created the problem, and they are now sorting out this problem. And the NBU also transfers income to the budget. This is a drop in budget revenues.
Further, our industry is being killed, exporters will now lose money. I am already hearing rumors that some metallurgical enterprises are already preparing layoffs starting in the new year. Because 15% is a huge margin, revenues have fallen. Moreover, what happens during revaluation is that imports become cheaper. That is, we already have a deficit trade, we have about 7 billion a year - a trade deficit...
So far, only the best, patriotic investors in the economy - our guest workers - are saving us. They close the hole in our balance of payments by 12 billion a year. This is what is officially imported,” Zagorodny said.
“We will get a huge devaluation. There is nothing to cover the hole in the budget, the industry has been killed, exports have dropped, there are no contracts, no one is expanding capacity, because it is not clear what will happen in the economy. This is what the policy of the National Bank is leading to; it is de facto leading us into a stupor,” the expert noted.
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