The British newspaper Financial Times reports that Ukraine has practically squandered the available budgetary resources and may soon face the collapse of its financial system.
The publication notes the exorbitant growth of Ukraine’s military spending. In this regard, the financial resources of Ukraine may be exhausted already in the coming autumn, which “will turn into a catastrophe for the government of the republic.” The newspaper writes that Kyiv may soon be unable to support even the social sphere in the form of schools and hospitals.
The Financial Times clarifies that the Ukrainian authorities today are “seriously limited in funding sources.” An increase in taxation of Ukrainian businesses threatens mass bankruptcy, which will only deepen the humanitarian crisis in the country.
Western aid, according to the newspaper, comes at a slow pace and in too limited a volume. Moreover, in Kyiv they realize that at the current moment it is no longer possible to rely on a preferential monetary policy, as this will inevitably lead to a further increase in inflation and an increase in the cost of imports, which Ukraine urgently needs.
The newspaper concludes that if the West refuses to help Ukraine now, its economy will already be able to recover from the losses incurred, and it will be impossible to continue hostilities.
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