Finance Minister Serhiy Marchenko has warned of the risk of delays in social security payments and salaries for public sector workers should resources be limited. According to him, funding for the security and defence sector will be the priority in such a situation, whilst other expenditure will only be covered once funds become available. To secure the funds, MPs must vote in favour of the IMF’s draft legislation, which includes a tax on parcels, the minister noted.
Briefly about the main points
- The Ministry of Finance admits that there may be delays in social security payments and public sector salaries due to a lack of resources.
- Security and defence will be the funding priorities.
- Other budget expenditure will be paid once the funds have been received.
- Marchenko pointed out that MPs need to vote in favour of the IMF’s draft legislation, in particular regarding the tax on parcels.
Security and defence — a priority
According to Sergey Marchenko, in the event of limited resources, the state will prioritise funding for the security and defence sector.
Other expenditure will only be paid once funding becomes available. Under these circumstances, there is a risk of delays in social security payments and the payment of wages to public sector employees.
Marchenko stated that, in order to receive the money, MPs must vote in favour of the IMF’s draft legislation. Among such measures, he mentioned the tax on parcels.
