{"id":26811,"date":"2024-01-18T16:31:28","date_gmt":"2024-01-18T13:31:28","guid":{"rendered":"https:\/\/ces.org.ua\/?p=26811"},"modified":"2024-01-18T16:32:22","modified_gmt":"2024-01-18T13:32:22","slug":"ukraine-needs-money-from-the","status":"publish","type":"post","link":"https:\/\/ces.org.ua\/en\/ukraine-needs-money-from-the\/","title":{"rendered":"Why does Ukraine need financial help?"},"content":{"rendered":"

Origin: Associated Press, <\/a>David Mchugh<\/span> and Hanna Arhirova<\/span><\/p>\n

Ukraine spends almost all the money it brings in through taxes to fund the war. That leaves a huge deficit because there are other bills to keep society functioning, like old-age pensions and salaries for teachers, doctors, nurses and state employees.<\/p>\n

At the beginning of the war, Ukraine resorted to having the central bank print new money, a dangerous stopgap because it can fuel inflation and destroy the value of the country\u2019s hryvnia currency.<\/p>\n

As\u00a0donor contributions<\/a><\/span>\u00a0became more regular and predictable, Ukraine was able to halt the practice, and the budget passed by parliament in November does not rely on it.<\/p>\n

\n

One key accomplishment was adjusting old-age pensions, which can be about the equivalent of $100 per month, to compensate for inflation, said Hlib Vyshlinsky, executive director of the Center for Economic Strategy, a policy institution in Kyiv.<\/p>\n

Printing money again and the resulting inflation \u201cwould bring a lot of people into real poverty,\u201d he said.<\/p>\n

To avoid that again, Ukraine needs \u201ca decision by the start of February, and the money by the beginning of March,\u201d Vyshlinsky said.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Origin: Associated Press, David Mchugh and Hanna Arhirova Ukraine spends almost all the money it brings in through taxes to fund the war. That leaves a huge deficit because there are other bills to keep society functioning, like old-age pensions and salaries for teachers, doctors, nurses and state employees. At the beginning of the war, […]<\/p>\n","protected":false},"author":2,"featured_media":26814,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[187],"tags":[],"experts":[170],"news_type":[139],"class_list":["post-26811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-experts-in-the-media-en","experts-hlib-vyshlinsky-en","news_type-we-are-in-media"],"acf":[],"_links":{"self":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts\/26811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/comments?post=26811"}],"version-history":[{"count":0,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts\/26811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/media\/26814"}],"wp:attachment":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/media?parent=26811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/categories?post=26811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/tags?post=26811"},{"taxonomy":"experts","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/experts?post=26811"},{"taxonomy":"news_type","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/news_type?post=26811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}