Currently, the National Bank will finance only critical government expenditures in limited amounts.
NBU Chairman Kyrylo Shevchenko noted that the government will refuse from the practice of financing the state budget, when the risks of imbalance in the fiscal sector are minimized. He said this in a comment to the editor of the ZN.UA economics department Yulia Samaeva.
“The National Bank will finance only critical government expenditures in limited amounts and only by purchasing government securities in the primary market. We will also maintain maximum transparency in the coverage of such transactions. I can assure you that as soon as the risks of imbalance in the fiscal sector are minimized, we will move away from the practice of financing the state budget, “Shevchenko said.
Read also: Ukraine's need to finance the state budget this year is about 60 billion dollars
More news from Yulia Samaeva at the link.
