Western and Ukrainian officials have said that if the United States and Europe do not resume their financial support to Kiev, there is a possibility that the Ukrainian government will shut down due to lack of funds.
Publish dateWednesday 24 January 2024 - 09:41
Story Code : 284776
Afghan Voice Agency (AVA): According to international media, Ukraine is facing a budget deficit of more than 40 billion dollars this year, and to compensate for 30 billion dollars of it, it is counting on the aid of the United States and the European Union. This budget plays a vital role in keeping the Ukrainian government afloat and paying employees' salaries, pensions and subsidies to Ukrainians.
The United States and Europe are the biggest financial backers of Ukraine and have promised several billions in new military and financial aid to this country; However, due to the internal conflicts between the Congress and the White House in America, as well as the disagreement between the heads of the European Union, the approval of this budget has been stopped.
According to the "Wall Street Journal" newspaper, the Ministry of Finance of Ukraine announced that by adopting limited policies, the country was able to secure the budget until next month, but the ministry acknowledged that these policies are "limited" and that Ukraine's partners "must meet this urgency." to understand".
The financial problem of the Ukrainian government can also have a direct impact on the performance of this country's army on the battlefield; Even though, following the failure of the summer counter-offensive of the Ukrainian forces, the war has now reached a stalemate.
Kyiv can finance its needs for a few months by late payment of employees' salaries or by borrowing from banks and investors in this country; But in the end, it will be forced to print money, and this is the solution that has crippled the economy of countries like Venezuela.
Olena Bilan, chief economist of Dragon Capital Investment Institute, says that if there is no economic stability, "war with a country whose economy is bigger than Ukraine and has more manpower will be very difficult. If you don't have enough funds to pay the salaries of employees and retirees, where will you get the money for ammunition?"
Both the US and the European Union are having trouble sending arms aid to Ukraine. The US Congress does not approve the White House's $61 billion budget for Ukraine, and in the European Union, the approval of Ukraine's $54 billion budget has been opposed by Hungary.
The Republicans of the US Congress, in addition to reminding that the domestic issues of the US are a priority, say that the White House should present a concrete and clear strategy that would justify sending additional funds to Ukraine; A strategy that clearly shows that the allocation of double funds to Kiev can end in the victory of Ukraine in the war with Russia.
Europe hopes that at the meeting of the European Union next month, the members will agree on approving the budget for Ukraine; But with the partisan conflicts in America heating up and the possibility of Donald Trump coming to power in this year's presidential elections, Ukraine is worried about losing its most important financial and arms sponsor.
The United States and Europe are the biggest financial backers of Ukraine and have promised several billions in new military and financial aid to this country; However, due to the internal conflicts between the Congress and the White House in America, as well as the disagreement between the heads of the European Union, the approval of this budget has been stopped.
According to the "Wall Street Journal" newspaper, the Ministry of Finance of Ukraine announced that by adopting limited policies, the country was able to secure the budget until next month, but the ministry acknowledged that these policies are "limited" and that Ukraine's partners "must meet this urgency." to understand".
The financial problem of the Ukrainian government can also have a direct impact on the performance of this country's army on the battlefield; Even though, following the failure of the summer counter-offensive of the Ukrainian forces, the war has now reached a stalemate.
Kyiv can finance its needs for a few months by late payment of employees' salaries or by borrowing from banks and investors in this country; But in the end, it will be forced to print money, and this is the solution that has crippled the economy of countries like Venezuela.
Olena Bilan, chief economist of Dragon Capital Investment Institute, says that if there is no economic stability, "war with a country whose economy is bigger than Ukraine and has more manpower will be very difficult. If you don't have enough funds to pay the salaries of employees and retirees, where will you get the money for ammunition?"
Both the US and the European Union are having trouble sending arms aid to Ukraine. The US Congress does not approve the White House's $61 billion budget for Ukraine, and in the European Union, the approval of Ukraine's $54 billion budget has been opposed by Hungary.
The Republicans of the US Congress, in addition to reminding that the domestic issues of the US are a priority, say that the White House should present a concrete and clear strategy that would justify sending additional funds to Ukraine; A strategy that clearly shows that the allocation of double funds to Kiev can end in the victory of Ukraine in the war with Russia.
Europe hopes that at the meeting of the European Union next month, the members will agree on approving the budget for Ukraine; But with the partisan conflicts in America heating up and the possibility of Donald Trump coming to power in this year's presidential elections, Ukraine is worried about losing its most important financial and arms sponsor.
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