Poverty in Ukraine breaks records in contrast to exorbitant government spending

22.11.2020, Kiev.

Almost half of the Ukrainian population will get below the poverty line by the end of 2020 against the background of huge budget funds embezzlement, said the head of the Institute for the Development of the Economy of Ukraine Alexander Goncharov on November 22 in his Facebook account.

At the end of this 2020, at least 45% of Ukrainians will become poor, which is 17% (!) higher than in 2019,” Goncharov wrote.

At the same time, he drew attention to colossal embezzlement from the Ukrainian state budget, not related to the fight against poverty.

Only the lazy did not write or talk about extraordinary kickbacks at the ‘Big Construction’,” the Ukrainian economist noted. He also recalled the statement of the head of the Ukrainian Finance Ministry Sergey Marchenko about a sharp increase in spending on culture and arts in 2021 up to 27 billion hryvnias (about 1 billion US dollars).

It is difficult to underestimate the Shmygal’s Cabinet of Ministers virtuoso ability to make more and more poor and ill people well-cultured,” Goncharov concluded.

The “Big Construction” Project in Ukraine was discussed back in 2019 during the election campaign of ex-President Pyotr Poroshenko.

In 2020, the current President of Ukraine Vladimir Zelensky promised to repair about 4 thousand kilometers of roads, for which it is planned to spend 85 billion hryvnias (about 3 billion US dollars). Even more ambitious construction volumes are planned for 2021.

Source: Rossa Primavera News Agency

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