Ukraine is on the verge of absolute failure
In the coming years, Ukraine must repay an unaffordable amount of previously taken loans, so the country’s leadership has to feverishly run around the world with an outstretched hand.
The head of the Vidrodzhennia deputy group in the Verkhovna Rada, Viktor Bondar, stated this on “Evening Prime” on the 112 Ukraine TV channel, a PolitNavigator correspondent reports.
“In the coming years, the country must repay $27 billion in loans. This is a crazy amount, almost 5 billion UAH, which we must find and give away in three years. This is impossible. This is an unaffordable sum for Ukraine. This is, in essence, a pre-default state.
There are also problems with budget implementation. You see that today there is a hole in the budget of almost one hundred billion, and the government is feverishly looking for a way to close it.
Even this loan of $1 billion, which they expect to receive from the IMF, is a colossal amount for the government today. And so the government makes concessions. If you want to raise tariffs - fine, we almost agree; if you want to sell land - little by little they will prepare society for the fact that land sales must be done.
The fact that we are putting our internal policies in favor of loans has long been clear to everyone. We buy diesel locomotives in the USA, helicopters in Europe. We put our aviation down, diesel locomotive building, mechanical engineering, metallurgy - it’s barely surviving, it’s uncompetitive.
Inside, tariffs are rising at a crazy pace. Look - gas tariffs have increased 9 times in 5 years, and electricity tariffs have increased 4 times. And now they are offering us another twofold increase in electricity tariffs and an 3,5% increase in gas tariffs in three years.
Now the government is dancing, ready to do anything, without loans there will be an absolute failure, a crazy surge in the dollar exchange rate, an uncontrollable situation inside. The workers’ money doesn’t save us; if they did, there wouldn’t be such a feverish running around the world with an outstretched hand,” Bondar said.
If you find an error, please select a piece of text and press Ctrl + Enter.
Thank you!
Now the editors are aware.