Ukraine Does Not Have Enough Money to Prepare for Winter, Restore Energy and Repair Social Facilities
Officials say nearly 50% of Ukraine’s energy system has been damaged, leaving repairs and winter preparations constrained by a shrinking budget.
- As Russian attacks on infrastructure continue, Ukraine faces a brutal winter, prompting the finance ministry to postpone funding for energy protection and shelters.
- The budget and fiscal space remain extremely constrained, as domestic revenue underperformed by $1.35 billion during the first eight months of the year, complicating essential defense spending.
- Straining resources needed for domestic security, the daily costs of the war grew to about $190 million while the country navigates a deepening financial crisis.
- Ukrainian officials continue seeking financial support to cover the costs, though no clear or fast solution has been found to address the economic pressure.
- Government priorities include balancing military aid requirements with social payments for families, leaving little room for additional infrastructure investment.
19 Articles
19 Articles
Waterloo Cedar Falls Courier
News & RecordUkraine braces for harsh winter
KYIV — Ukraine is bracing for a brutal winter as intensified Russian attacks on the country's infrastructure and key export industries compound a deepening budget crisis, Ukrainian officials say.
The company “Autostrada” stops work due to the freezing of capital expenditures from the stateThe Ministry of Finance has stopped financing capital expenditures, said Maxim Shkil, director of “Autostrada”. The company suspends work on everyone objects.
The chairman of Autostrada Maxim Shkil said that the state “without warning, any discussion and dialogue” has stopped financing all capital expenditures, which is why they are forced to suspend work on all facilities.
According to Pidlasoy, it will not be possible to finance capital expenditure this year in December, the capital expenditure of the State budget planned for autumn will be deferred to the capital expenditure of the State budget, which relates to funds for energy protection and winter preparation. According to RBK-Ukraine, the head of the Budget Committee, Rada Roxolan Pidlas, in the podcast "The Chronicle of the Economy", reported. The year-end …
Ukraine does not have enough money to prepare for winter, restore energy and repair social facilities
Ukraine does not have enough money to prepare for winter, restore energy and repair social facilities.The country's Finance Ministry postponed financing of capital expenditures in these areas from autumn...
The Ministry of Finance transferred UAH 39 billion of capital expenditures to December. Due to the delay in international financing, they will not have time to master the funds this year.
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