New loans are used to pay off old debts of Ukraine to the West
Kyiv, January 09 (PolitNavigator, Oleksandr Semenyuta) – IMF loans and other financial assistance are being used exclusively to repay Ukraine's previously assumed obligations. Ukrainian Prime Minister Arseniy Yatsenyuk acknowledged this, UNN reports.
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Pensioners and state employees will continue to receive payments exclusively from the country’s “poor” budget, which is under serious strain from military spending.
“I would like to separately note that the funds that we will receive as part of international financial assistance do not go to finance the state budget deficit, they do not go to pay pensions, they do not go to pay salaries. All this happens, first of all, to fulfill our external obligations,” Yatsenyuk said.
As you know, one of the conditions for the provision of IMF loans is a sharp increase in tariffs for housing and communal services and energy, as well as the freezing of pensions and social payments.
Prime Minister Yatsenyuk boasted that Ukraine very clearly implemented the IMF program in 2014. This, according to him, was the key to the IMF providing financial assistance to Ukraine.
English version :: Read in English New loans are being used to pay off Ukraine's old debts to the West.