What is there with the economy: for the economy worse can only be war and high inflation

The expenditures of the state budget decreased - both military and others (UAH 170 billion July against UAH 250 billion in June, before that they increased monthly). The state budget deficit has fallen significantly (before that increased). 4. The amount that the NBU monetized has decreased relative to last month. And it is small (UAH 30 billion in July, against UAH 105 billion in June).

What are the reasons? All fellows: taxes paying entrepreneurs; the power that has canceled benefits and taxes is collected; Internists who have significantly increased help. About bad, if it is very simplified, there are two strategic pipes with cheap gas: one goes to Germany, the other - to Turkey. As we know, Russia is very fond of this gas corruption whole countries.

Why is it important where the pipes go? Because gas in Europe is not enough now, so where there is a pipe there is an opportunity to give a very big bribe to break NATO. Germany holds, but there are questions to Turkey. Unfortunately, the decline in exports to Russia, unfortunately, demonstrates that Turkey is a leader in its restoration. In June 2022, for example, Turkey sold more than a year ago.

It seems to me that strategically Turkey for Ukraine, but should be a mediator with the Russian Federation. But such a restoration of supply to the Russian Federation is something a little incomprehensible and worse than expected. The main thing is that the sanctions on the Russian Federation are working well is the restriction of imports, and for some reason Turkey helps Russia to bypass it. I wonder if this trend will be preserved.

The second bad news (and the reason why the Ukrainian government wants to reduce imports) is external assistance to Ukraine. The story is as follows: in the second month of Russia's war in Ukraine it became clear that the deficit of the Ukrainian budget will be about $ 5 billion a month. The US, the EU and other countries have promised to finance us $ 30-34 billion (a shortage of about six months), $ 10 billion each.

The United States seems to be on the schedule, the EU is lagging behind (sent less than promised). But now it looks like even with delays, but we will not even get all $ 30 billion by the end of the year. Infographics -Centre for Economic Strategy, that is, goes the sixth month of the war, and the deficit of Ukraine's budget during this period is not fully funded, and with great delay. What to say about the coming months.

To do this, the promise deficit appeared only on Monday, August 8, from the US for $ 4. 5 billion (this is very good news), but from the rest - no. What do they do with it? As far as I understand, they prepare a new IMF program for $ 30 billion, which will close this deficit. The problem is that although everyone is in a hurry, it is unknown when the first money of this program gets to Ukraine. And pensions, salaries have to be paid already.