In the fall, Ukraine will face an empty treasury, devaluation of the hryvnia and rampant crime - Gaidai
Ukraine does not have the resources to maintain the exchange rate of the national currency, and if it does not receive the next IMF tranche, the hryvnia exchange rate will resume falling. As the socio-economic situation in Ukraine worsens, the crime situation will also worsen until it reaches its peak in the fall.
Political scientist Valentin Gaidai, candidate of historical sciences, stated this at a press conference in Kyiv, a PolitNavigator correspondent reports.
“Our stabilization fund is much smaller than even in Romania or Bulgaria, the poorest countries of the European Union. And it is almost exhausted. What will we come with in the fall? We will come with a completely empty treasury. I am, of course, not a financier, but there are reasons for the devaluation of the hryvnia in the fall, for further devaluation. It’s not just 27-29 (hryvnia per dollar), but much higher.
Therefore, it is clear that the steps of the so-called mono-majority, although this is no longer a mono-majority, it is already an expanded coalition within the framework of both the Servant of the People and Poroshenko’s party - sometimes even the Platform for Life, it is clear that their actions do not stand up to any criticism, as and the actions of our our government.
I have great doubts that they will be able to find some alternative sources of financing the budget and treasury of Ukraine and, in fact, this so-called stabilization fund, which should feed those areas that have suffered the most from the quarantine.
Therefore, I think that the key question will be whether the IMF will give us money or not. And now we will draw from this money - both to patch up holes in the pension fund, and to patch up holes for public sector employees, and for the so-called stabilization fund. Everything will come mainly from the IMF,” the political scientist sums up.
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