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Ukraine-IMF discusses risks due to growth of gas prices, - Finance Minister

Source : 112 Ukraine

Due to the fiscal risks, the Finance Minister intends to amend the draft State Budget
14:40, 6 October 2021

Ukraine's Finance Minister Serhiy Marchenko
RBC-Ukraine

Finance Minister of Ukraine Serhiy Marchenko stated that high prices for gas in Europe are the reason for extra fiscal risks for Kyiv. Due to this, it is necessary to develop clarifications to the State Budget for 2022 and the talks on this issue are held with the International Monetary Fund (IMF) as RBK-Ukraine reported.

“We have quite productive discussions within the mission (the IMF, - 112.international). We hold the talks very actively. Now, the issue of the fiscal risks has appeared due to the high price of gas. This is the story, which requires extra consultations. If we talk about the budget and issues in the authority of the Finance Ministry, there are moments, which need the specification in the budget for 2022,” Marchenko stated.

Related: Volume of gas in storages decreases in Ukraine

The minister noted that he would like Ukraine to fulfill the whole IMF program and receive all tranches.

As we reported, the price for gas at the futures market in Europe has broken another record. For the first time ever, it has reached $1,600 per 1,000 cubic meters for the first time ever.

Related: Ukraine does not plan direct negotiations with Russia on gas supplies, - PM

Besides, Prime Minister of Ukraine Denys Shmygal stated that Ukraine and Europe have faced a difficult gas crisis, which can influence the whole world.

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