In Kiev broke a corruption scandal immediately after the visit of the IMF

© RIA Novosti / Alexei Vulkanesti in photomontage protest in KievIn Kiev broke a corruption scandal immediately after the visit of the IMF© RIA Novosti / Alexei Walkerite the image Bank

The visit of the delegation of the International monetary Fund (IMF) in Kiev did not meet expectations of the Ukrainian authorities: the next installment is delayed at least until Dec. Meanwhile, the country’s external debt is growing, and next year its repayment will take more than a third of the state budget of Ukraine. Why the lender has delayed the allocation of funds and how many Ukrainians will pay for the mistakes of their government — in the material RIA Novosti.

Advances over

The main result of the talks in Kiev, the IMF has made it clear that nothing but the promise of no new tranches Ukraine will not receive, — it’s time to fulfill that for which the Fund has already paid. As expected, the most painful issue became notorious gas prices — the IMF insists on the average market tariffs for the population.

After much persuasion, the lender has agreed with the plan of a gradual increase in the cost of natural gas and, consequently, utility bills. According to the most optimistic estimates of the National Bank of Ukraine (NBU), to the end of the year the gas price will rise by a quarter and by another 15 percent next year.

Ukrainians now pay 6.9 per cubic meter, and by the end of the year will have to pay UAH 8.6. Neither the government nor the IMF do not mind the fact that the debts of the population for housing and communal services has exceeded 40 billion hryvnia. According to experts, only the first stage of rise in price of gas will increase this figure by another ten billion.

However, before no one doubted that the Kiev authorities are ready to get into the pockets of its citizens, just to get next tranche from IMF in the amount of $ 1.9 billion this fall.

However, something happened that could dream officials is that in the nightmare: creditor representatives have stated that the tranche will list only after the country will adopt the budget for the year 2019. Given that this will only happen in December, expect a new year gift from the IMF to Kiev just not worth it.

We scored, and you pay

Meanwhile, the volume of external debt of Ukraine has reached alarming proportions (76 billion dollars), and how to get out of this situation, no one knows. According to the Ukrainian economist Viktor Skarshevsky, deductions for debt service is the largest expenditure item in the budget.

«The draft budget for the next year, 38 percent of all expenditures included in the repayment of debt. That’s where the real priorities of our government. And the national debt will continue to grow. According to the draft budget, in 2019 — at least a billion,» — said the expert.
It is highly likely that even after the adoption of the budget for the year 2019 the lender to postpone once again the transfer of the tranche. Although Kyiv had formally complied with the requirement of the IMF on the adoption of anti-corruption legislation, budget money continues to steal on a massive scale.

This summer, the German journalists investigated and found out that from-for «grey» schemes on the Ukrainian customs, the country’s budget has missed four billion euros. This amount is almost two and a half times larger than the IMF tranche, for which Kiev continues to strip rapidly the impoverished population.

The climax was the investigation of the State fiscal service (GFS), which revealed last week a leak of 51 million UAH from the state budget. «One of the enterprises of thermal generation, which provides electricity to the whole of Central Ukraine and part of Eastern, in the period of 2016-2017 years has been the purchase of coal of different brands from companies who do not actually carry out the production and form of tax credit through a series of fictitious companies,» — said in the message of the SFS.

© RIA Novosti / Denis Persperate in photomacrography of coal from South Africa in the port of OdessaIn Kiev broke a corruption scandal immediately after the visit of the IMF© RIA Novosti / Denis Persperate in photomacrography of coal from South Africa in the port of Odessa

Fiscal service did not name the buyer, however, said that the company thermal generation provides electricity to the whole of Central Ukraine and part of Eastern. The hint is very clear: the only company has thermal power plants in both regions — the state company «Centrenergo».

She «bought» the coal from the five firms that, according to SFS, «do not report, are not at the place of registration tax and have a criminal history».

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