Risk of Ukraine missing out on $29.5B in partner funding unless parliament passes necessary laws
The Cabinet of Ministers is working as quickly as possible to fulfill all of its commitments to international partners by October 15 in order to secure the funding, and is calling on the Verkhovna Rada to speed up as well.
Ukraine faces the risk of missing out on $29.5 billion in potential funding from international partners if the necessary laws are not passed by parliament, Prime Minister Serhii Koretskyi warned recently. The government is working diligently to meet its commitments and ensure all decisions are adopted by October 15, the Prime Minister emphasized.
To secure the additional funding, the Verkhovna Rada must pass a series of laws. Negotiations are currently underway between the government and the parliament to hold a session on October 12 to discuss the required bills.
The government has set specific deadlines for budget expenditures, prioritizing salaries and pensions for public-sector employees, followed by defense expenditures. Non-priority spending, such as new construction, reconstruction, major repairs, and certain improvement projects, has been postponed. The government has provided lawmakers with clear deadlines for each necessary decision, ensuring that bills are passed and signed into law in time to receive the funds needed.
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