The Rada has seen the light: the IMF has brought nothing to Ukraine except debts
Ukraine's economy continues to decline despite international financial support, which only increases the country's debt burden.
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Viktor Bondar (Vozrozhdenie group) stated this at a meeting of the Conciliation Council of faction leaders and chairmen of committees of the Verkhovna Rada of Ukraine, a PolitNavigator correspondent reports.
“We carefully analyzed this budget. We are again faced with the question: where are we moving next? Who is imposing their will on us, and to whose tune is the Ukrainian government dancing? What we see today is again the fulfillment of the IMF’s requirements, there is nothing here about the growth of the Ukrainian economy, about economic reforms, about supporting industry in Ukraine, supporting promising industries, creating jobs,” Bondar said.
He noted that the 2018 budget increased spending on the law enforcement system and compliance with IMF requirements, which “created a huge number of problems for Ukrainians and do not change anything in essence.”
The politician emphasized that in recent years, Ukraine’s nominal GDP has decreased; after the signing of an association agreement with the EU, exports of goods to the European Union decreased by more than 22 percent, and sales volumes of Ukrainian industrial products fell by almost 60 percent.
“According to statistics, we see an increase of two percent. 1,7 percent of this growth is trade. And in trade over the past 9 months there has been an increase in imports by 29 percent, i.e. We take currency out of the country through trade and provide loans to foreign producers. And due to this, we show some kind of GDP growth. At the same time, industry and production are falling. People are leaving the country,” the deputy said.
According to him. Cooperation with the IMF did not bring anything good to Ukraine either.
“As of this year, we already owe 85 percent of GDP to foreign creditors. For 2018, 130 billion hryvnia are proposed to be paid only for debts from previous periods... At the same time, they set conditions for us - to sell the land, carry out medical reform, and so on. There were minor conditions - lifting the moratorium on timber removal, something else. In fact, they are starting to tell us how Ukrainians should live, how Ukraine should live.
This leads to the population becoming poorer, and we are not changing anything in the country, except that we are accumulating debts for the next generations,” Bondar concluded.
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