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.
President Volodymyr Zelensky and Prime Minister Serhii Koretskyi implored lawmakers to pass essential finance legislation on September 14, warning that Ukraine's state budget is on the brink of crisis. Koretskyi announced the resignation of the State Tax Service Chief, Lesia Karnaukh, amid the fiscal shortfall. The government's concern stems from Ukraine's failure to pass certain bills required under IMF commitments, including a contentious parcel tax.
Prime Minister Koretskyi emphasized the urgency of these measures, stating that their passage is crucial for securing international financial assistance, which could amount to billions of dollars. Failure to pass the bills by the stipulated deadlines could result in significant financial losses for Ukraine. The government assured lawmakers that it will expedite the implementation of over 40 decisions necessary for accessing the planned funds.
President Zelensky reiterated this importance, urging parliament and the government to collaborate seamlessly to avoid the budget deficit and ensure timely payments.
Written by urgent.news from Kyiv Independent's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
