Sunday23 February 2025
good-news.com.ua

Hetmanstev urged for cost-saving measures and spending censorship due to the uncertain financial situation in Ukraine.

Ukraine is currently experiencing a phase of "the highest turbulence" since March 2022, which necessitates "counting every penny," halting shadow businesses and corruption, and implementing "military censorship" on expenditures. This was stated by Daniil Getmantsev, the head of the committee on financial, tax, and customs policy, in a Telegram message on February 21.
Гетманцев призвал к экономии и контролю расходов в связи с нестабильной финансовой ситуацией в Украине.

"Many are asking about the connection between current events in international politics and our finances. Unfortunately, the link is direct. Today, we are experiencing the highest level of turbulence since March 2022. Support for Ukraine, including financial aid, from our strategic partner is not guaranteed. This is also affecting the EU, where some unpleasant political discussions for us are beginning," he wrote.

Hetmancev explained that Ukraine is relatively well-funded this year, but next year and beyond, due to the depletion of the ERA instrument, specifically the $50 billion from revenue generated by the blocked assets of the Russian bank, the country's economic uncertainty may increase.

He noted that Ukraine is grateful for any assistance and relies on it in its path to EU membership and during the post-war recovery period. However, it is also essential to reassess and consolidate internal sources and resources.

"What does this mean for financial policy? It's simple: count every penny," Hetmancev emphasized.

He pointed out that the state must "strictly eliminate the shadow economy and corruption," remove any pretense, and introduce "military censorship" on expenditures to stretch the guaranteed preferential funding of $50 billion not over one year, but over three years. Meanwhile, society must stop evading tax payments, without debating issues like "the killing of business due to an additional 3.5% military levy."