Ukraine plans to accumulate another 38 billion in debt next year
Ukraine plans to borrow tens of billions more dollars next year.
Andrey Pyshny stated this, speaking in the Verkhovna Rada on the day of his appointment to the post of head of the NBU, a PolitNavigator correspondent reports.
“The help of partners is critically important, because the budget deficit and budget needs monthly are more than 5 billion hryvnia,” said Pyshny.
According to him, “financing needs for the next year amount to at least 38 billion.”
“From what I know and understand, they are ready to provide this money. But for this, Ukraine must effectively work out the interaction and negotiation process with the International Monetary Fund,” Pyshny said.
As observers have noted more than once, Ukraine is paying for the generosity of creditors with its lands and grain, which it exports to the West, emptying its own reserves, raising tariffs for the population and refusing social support for citizens.
Thus, after the coup, tariffs in Ukraine increased by 123%. Gas prices rose from 72 kopecks to 9,87 hryvnia. The cost of heating increased from 2,9 hryvnia to 38,5.
Also, economic expert Alexander Dudchak said that Ukraine wouldwill have to pay for loans with land – the Verkhovna Rada had already adopted laws on its sale.
“It is clear that no one will return the loans, but Western partners can take them with assets or land. There have already been similar situations in recent history - in 2010, German politicians called on the Greek leadership to start selling state property, in particular, uninhabited islands to cover the country’s debts. But those in power in Kyiv obviously don’t care,” Dudchak said.
PolitNavigator also wrote that the opening of the land market will turn Ukraine into a desert after the work of transnational agricultural corporations.
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