"One Step from the Abyss." Hetmantsev Reported a Troubling Situation with Ukraine's Finances

Ukraine's economy has slowed, and there will be budget problems even with one hundred percent funding from Western partners.

As Delo.ua writes, this was stated by the chairman of the Verkhovna Rada committee on finance, tax and customs policy, Danylo Hetmantsev.

According to him, the situation with finances is "not simple" and "alarming."

"There are several reasons for this. Underperformance of the budget on the revenue side, some, to put it mildly, ill-considered decisions in the defense sphere, but not only that, and the objective slowdown of economic development have led to the fact that there will be problems even with 100% fulfillment of all our obligations and receipt of all confirmed funds," the deputy noted.

For this reason he urged the Verkhovna Rada this plenary week to vote to fulfill obligations to the IMF and the EU, 'forgetting about politics one step from the abyss.'

"Failure to fulfill any international obligation from the memorandum with the IMF or the EU will significantly worsen the problem. And no, 'it will work out somehow because it has never not worked out'—this time it will not work," Hetmantsev emphasized.

Note that Ukraine's need for external financing for 2026–2029 years is $145,9 billion, despite new international support programs and partner assistance.