Ukraine is actively preparing a plan "B" in case of reduction of financial assistance from the event in 2024. According to experts, without external financial aid, the country can last at least the first quarter or even six months, but the preparedness for economic challenges next year requires a thorough strategy.
Stage 1: To live an uncertainty period
According to sources, in financial uncertainty, Ukraine plans to stay at least the first quarter or even six months. During this period, the government plans to solve topical financial problems and consider additional sources of revenue.
Stage 2: Sliding programs and redistribution of taxes
If the situation does not improve, the next step will be cutting programs and redistribution of taxes. This may include reducing costs in a number of sectors, as well as reviewing tax rates to meet budgetary needs.
Stage 3: “Printing Machine”
The last event in the plan "B" is the ability to include the "printing press" of the National Bank of Ukraine (NBU). However, economists and officials tend to consider this option unlikely because of possible negative consequences, such as inflation growth and an unstable exchange rate.
Economist Vitaliy Vavryshchuk believes that all partners are ready to continue financial support to Ukraine, but the discussions continue in terms of volume. It is important to determine when and what amount of assistance Ukraine can receive. He pointed to a critical amount of $ 30 billion to ensure the stability of the foreign exchange market.
The B "B" is regarded as an extreme event, and the authorities continue negotiations with partners, expecting a positive conclusion from the EU and the US. However, in the event of failure, Ukraine has a specified plan "B" to ensure financial stability and avoid crisis scenarios.
