Ukraine’s finances ‘near critical,’ PM urges Rada to pass key bills
Ukraine’s public finances are nearing a "critical point," and delays in passing key legislation threaten $29.5 billion in international aid, Ukrainian PM Sergii Koretskyi said on Sept. 14.
Ukraine's financial situation is rapidly approaching a critical threshold, according to Prime Minister Sergii Koretskyi, who warned lawmakers on September 14th that delays in passing crucial legislation could jeopardize $29.5 billion in international aid. The government is pressing for rapid approval of legislative changes necessary to secure this funding.
Speaking through a Telegram post, Koretskyi stated that the government will present lawmakers with a schedule outlining clear deadlines for each required vote. Failure to meet these deadlines could result in Ukraine losing a substantial portion of the $29.5 billion planned international funding. This money is essential for balancing the state budget, funding social programs, and meeting the needs of the Ukrainian military.
Some of these obligations are contingent upon the government's actions. Koretskyi clarified that the Cabinet of Ministers needs to adopt 42 decisions and plans to finalize these by October 15th, rather than the initially proposed deadline of November 1st. During a meeting with representatives from the G7 nations and European Union, along with members of Parliament and parliamentary committee chairs, discussions centered on the necessity of coordinated efforts to obtain this vital financial support.
The Prime Minister assured that the government stands ready to collaborate with lawmakers on each bill to expedite its passage.
Written by urgent.news from New Voice of Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
