Ukraine's PM warns state finances nearing critical point amid parliamentary delays
Ukrainian Prime Minister Serhii Koretskyi has warned that state finances are approaching a critical situation as delayed votes in parliament threaten a portion of $29.5 billion in international funding.
Ukrainian Prime Minister Serhii Koretskyi has warned that the country's state finances are nearing a critical point, citing delays in required parliamentary votes that could put a significant share of $29.5 billion in international funding at risk.
Koretskyi shared the warning on his Telegram channel.
Schedule for lawmakers
The government plans to send all members of parliament and relevant parliamentary committees a schedule listing deadlines for each vote tied to the release of funds. According to Koretskyi, the international funding is essential for balancing the state budget, covering social spending, and meeting the needs of the defence forces.
42 decisions pending
On its end, the Cabinet of Ministers must implement 42 decisions. The government had originally planned to finish this work by 1 November but has now moved the target date up to 15 October.
Background
In early September, the government introduced strict austerity measures affecting budget funds not allocated to defence needs.
