Kiev. Ukraine. Ukraine Gate – January 6, 2021 – Economy
The People’s Deputy Olga Smaglyuk-Vasilevskaya said that the Cabinet of Ministers changed the Procedure for the use of state budget funds provided for the functioning of the Entrepreneurship Development Fund, and decided to raise funds from the Entrepreneurship Development Fund to purchase domestic government bonds of Ukraine.
“By its Resolution of December 29, 2020 №1348, the government amends the Procedure for the use of state budget funds provided for the functioning of this Fund.
In particular, support will also be provided to medium-sized businesses.
Not only partial, but also full compensation of interest on business loans is possible.
In the meantime, the Fund is also allowed to purchase IGLBs. Most likely, in this way, the Fund will simply help the state by buying its bonds for a certain period. I hope that the Fund was aware of such changes in the summer, and took this into account in its budget request. Otherwise, the money intended for payments to small and medium-sized businesses will go to the purchase of IGLBs and patching holes in the budget – the goals are a higher priority for the government, “she said.
