Kyiv Warns State Budget Nearing 'Critical Point,' Urges Lawmakers to Pass Key Finance Bills
Koretskyi said parliament must adopt 42 decisions and 27 bills to avoid losing the funding, while Ukraine faces a $27 billion defense gap.
- On Monday, September 14, Prime Minister Serhii Koretskyi warned that parliamentary delays could put $29.5 billion in planned international financing at risk, urging MPs to pass legislation quickly.
- To unlock the funding, the government committed to adopting 42 resolutions by October 15, while the Verkhovna Rada currently holds 27 pending bills requiring adoption.
- Koretskyi stated the Defence Forces face a $27 billion funding gap, which the government intends to bridge via loans, frozen Russian assets, and budget optimization.
- Following a meeting with G7 and European Union ambassadors, Koretskyi emphasized coordinated legislative work, noting officials are ready to review every bill with MPs for swift adoption.
- These financial measures are critical for Ukraine's winter preparations, as the government develops decentralized solutions for critical facilities amid expectations of renewed Russian attacks.
12 Articles
12 Articles
Kyiv warns state budget nearing 'critical point,' urges lawmakers to pass key finance bills
Ukraine could lose out on "a significant portion" of $29.5 billion in planned funds if parliament fails to advance the necessary legislation in time, Prime Minister Serhii Koretskyi warned.
Ukraine's state finances are approaching a critical point, Ukrainian Prime Minister Serhiy Koretsky said on the Telegram platform on Monday. In his post, he also criticized delays in parliament that have prevented the passage of laws on which international financial assistance depends.
The Prime Minister of Ukraine, Sergei Koretski, described the situation of public finances in the country as critical and called on deputies to expedite the adoption of draft laws. "The situation with public finances is critical. Once again, he calls upon all deputies to adopt as soon as possible the draft laws on which international financial assistance depends," wrote the Prime Minister in his Telegram channel, transmitting to TASS. Koreski st…
The state of the national finances is nearing a crisis, Ukrainian Prime Minister Koretsky stated
In this context, Koretsky urged members of the Rada to “approve as soon as possible the bills on which the receipt of international financial aid depends.In addition, lawmakers will be sent “a schedule with specific deadlines for...
Situation with state finances is close to critical – Koretskyi
Prime Minister Serhii Koretskyi said that the situation with state finances is close to critical and once again called on all MPs to pass as soon as possible the bills on which the receipt of international financial assistance depends.
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