independently or does he coordinate the decision with the ministry of finance and the ministries of economy constitutionally he is completely independent and makes decisions completely independently in reality there are usually some consultations especially during wartime well and in principle if these consultations do not go beyond the boundaries of a civilized normal dialogue this is absolutely normal well they have to coordinate a furrow coordinated budgetary and monetary policy is very bad this can lead to extremely negative consequences, therefore they are coordinated between by itself and this year it was more or less normal. in my opinion, that is, the national bank had to reprint hm several times and the funds, on the other hand, they resisted this and really went for it only when it was already impossible to finance the budget in any other way. well, on the other hand, i'm sorry not to buy there is fuel for the fighting army or not paying money to soldiers at the front is not an option during the civil war, so in this situation it made sense, although in general the mission is extremely destructive and god forbid we get into a

situation where we are forced to have money all the time print well, we all remember the hypertension of the 90s. this is an absolute destruction of the economy. thank you, we have to let pavla go. who is she? the responsibilities of the minister of economy in the 20th year. the members of the board of the humanitarian hub. i am not alone, but she remains with us on the air. national institute of strategic studies yes, mr. yaroslav. that is, the current ukrainian budgeting plan is coming out. this is help from our partners, the united states , which has already decoratively declared that one and a half billion will be provided every month and at the same time they say that the european union should also add at least the same amount and maybe even more and we roughly understand how much more, so if we have a projected deficit of approximately 3-4 billion every month, then accordingly, plus one and a half more and that we may even expect 2 billion from european institutions. well

, the budget deficit is planned for next year, which, as pavlo said, is comparable to budget revenues, that is, in fact, half of our expenses will be to be financed from the deficit, 95% of the financing of the deficit is planned at the expense of external reserves , we calculated that this is approximately 2.5 billion dollars per month, taking into account the exchange rate that 42 which government is setting the next year, well, in fact, at the beginning of the war, somewhere in may the international monetary fund predicted that in ukraine, where the closing of the fiscal deficit needs to be about 5 billion dollars per month, this is then announced by our minister of finance, not once this year we have had such a fiscal deficit, at most the closing, which was about three billion. it was in august, well, for the next one, as we can see that the average is somewhere around 2.5. in general, we know that our foreign partners have promised that they will support ukraine at the necessary level for the

end of the war, so i think that we should be optimistic to to actually speaking, the ability of ukraine to finance this fiscal gap yes, but you know, the day before, we talked with timofey molovanov, who said that we need an economic rammstein, as he called the analogy, if we continue with military aid, there were also consultation problems, when it all took on a certain format of monthly meetings, then we see that it is provided to us regularly with economic support, we also need such a consolidation of forces and distribution. perhaps even the states will allocate funds to support ukraine on a monthly basis. rammstein is quite interesting because so far, despite the promises that readiness has been expressed and, er, our partners promise us help and are ready to implement logistically it doesn't seem quite rhythmic, that's why

from time to time ukraine is faced with the fact that there are problems with the fiscal deficit of the current fiscal deficit, that's why the idea is very positive. i think the distribution of expenses should take into account not only ukraine's own financing, economic, but also e- it also costs a lot of money for aid, and we know the size of the lend-lease approved by the united states. many countries, especially european countries, directly declare that they they do not plan to provide extra-military aid to ukraine, but nevertheless they can provide some financial aid. by the way, it is interesting that in the framework of the budget for the draft budget for the 23rd year, almost all financial aid is laid out as credit resources despite the fact that this year most of the aid came in the form of grants, guarantee grants are counted directly to the state budget revenues, and

aid and loans to finance the deficit ukraine is interested in a significant part of grant aid but unfortunately, for next year, we still do not have any official document that would allow us to forecast the receipt of the grant next year and include it in the revenue part, it is possible that it would be very appropriate to hold negotiations with foreign partners who express their readiness to support ukraine it would make it a little easier to make appropriate agreements regarding the receipt of funds in the form of guarantees. budget planning and possible what would allow us to look a little more optimistically at the revenue part , let's talk more about privatization, the war could not stop the privatization processes in ukraine so, in september, auctions for the sale of state property were held in ukraine for the first time since the full-scale invasion of russia until the end of the 22nd

year the government plans to find investors for about 150 enterprises, to attract uah 1-2 billion to the state budget, first of all, distilleries, bread factories and real estate will be privatized which may be of interest to small and medium-sized businesses in order to speed up the denationalization of the economy . in october, the cabinet of ministers transferred over 800 state-owned objects with a total value of about uah 45 billion to the management of the state property fund. they expect that most of them will be sold to private owners, while a certain number will remain under the management of the state or will be liquidated and will also be added to our broadcast victoria, insurance advisor of the office of the president of ukraine we congratulate you in this way congratulations to the studio ms. victoria please tell me why this is now it is very important why now we are returning to small privatization and later they will resume large privatization large privatization a-a so we know that since the beginning of the great war all these processes

have been on pause, why now we have decompressed them , there are several reasons, the first is, after all, we e-e is oriented towards a liberal economy and reduction of state participation in the management of enterprises and ownership of enterprises e-e still mostly e-e in the private business itself can be an effective owner this is the first e-e secondly us it is necessary to attract funds and the budget. yes, this is a very small amount, it is only 6 billion, it is planned to grow from privatization in 2023, but still there is a third side effect - those enterprises that are currently inefficiently used are on the state balance sheet, we can offer it for privatization and business, for example, that that relocates from the regions where military actions are taking place, they can start their work with these enterprises in

those territories that are not currently suffering from the consequences of the war, these are the main reasons ms. viktoria but in general, if we are talking about privatization processes, the nationalization of russian assets must now take place. can we say that the 23rd year will significantly strengthen our profits, and through the privatization of these assets, in relation to russian assets? -e they will be transferred to state ownership, but privatization does not automatically mean an increase in profits, since the enterprise, any enterprise, is currently suffering from russian aggression, and you can see even from the forecast of tax revenues regarding income tax there is a decrease compared to the 22nd year, and not a plus. these enterprises will work. they will increase the gdp, but they will have a direct

significant impact on the growth of the state's income on the growth of the revenue part of the budget, in my opinion , they will not have in the future, the state will also be able to implement these e objects and it will go to compensation for losses only after their privatization, it is possible to expect the replenishment of state funds and the direction of these revenues to cover losses from russian aggression p yaroslav ot us what do you think is this idea right now to restore privatization again considering the fact that during the war and maybe there is a price correction and not for the better, that is, the price may decrease, well , mrs. victoria, very important things, uh, they emphasized that , in fact, everything depends on what goals do we set for privatization today if we want to get some significant revenues for the budget? well

, the honor of billions of hryvnias has been laid in the draft budget of the 20th year, well, in fact, this means that, well, it is not, it is not, it is a significant tool, it is filled with budgets therefore, it is obvious that here, first of all, it is really necessary to set the tasks of maximizing the activation of economic activity, simplifying the conditions for small, first of all, business, therefore, small privatization is first of all in the center of attention, and a plus is really a very promising idea regarding the involvement of relocated businesses in the restoration of the work of those state or municipal enterprises that stopped their work in the previous period because they often did not work because there was no adequate demand for their products, let's say some processing now the increase in population in the regions where the displaced persons came can already create this demand or there was no capital because there are certain depressed regions they lacked these funds and in fact today relocation it can create additional motivations for such and such

for the residence of these enterprises if to talk about large-scale privatization, that is, about the privatization of serious enterprises that are part of the system, that should potentially have a significant value, that play a significant role in the national economic system, it is like this. i think that now is not the optimal time to carry out such privatization, today we need to talk about how best to organize their management, it is possible to propose, let's say, the introduction of an external management there, the transfer of one-term management relations for rent or some types of concessions. on this basis, it is possible to try to improve the management of these enterprises, i.e., it is necessary to simply divide according to goals and, accordingly, s-gregate the mass of enterprises that are intended for privatization over time mrs. viktoria and how is the transparency of this process organized and is it possible for our western partners to join in? perhaps you are not observing these processes of privatization, we are in constant dialogue with

our partners, they monitor all the regulatory and legal documents that the government adopts to ensure the privatization process and those tools for determining the e-e price of e-e objects that are put up for privatization, as well as the access of all possible investors to a single unified date of rome regarding the privatization objects that are exhibited, all the necessary information is precisely what ensures the processes of transparency, as well as the procedures adopted by the cabinet of ministers and the state property fund to ensure the holding of these tenders. and who participates in these auctions, only ukrainians can take part, but for the most part at the moment from my experience of what i see, ah, these are ukrainian entrepreneurs. since we have already become immune to the situation that exists, and our

ukrainian business takes these risks, the military takes whatever risks there are in our entire country and they will acquire these objects for conducting economic activity, everything will be launched, yes, yes, if the war risk insurance tool is launched, then i believe that the interests of foreign manufacturers or foreign investors will also increase until privatization. so when we talk about the economy and business development, we expect investments and in fact also during the negotiations, a number of experts and representatives of the state authorities of ukraine said that there is interest, but there is also an expectation that even after the victory of ukraine, they will enter and to develop our economy, mr. yaroslav, and at the moment, what can we be interesting to foreign investors in the current situation? i think that even in the lower

situation of ukraine, we will introduce interesting to investors in absolutely different spheres, starting from the defense sphere, we see a bike company that is planning to create already started creation in ukraine own enterprise and ends with enterprises that can deal with the restoration of our structure of transport infrastructure and engage in the production of building materials that i do not want to be needed today and will be needed in in the near future, when we will restore our residential and industrial infrastructure, i.e. today. entering ukraine is very promising, and those who dare to enter ukraine today will start their own business. the idea was expressed regarding the need to introduce insurance and investment in the period of war risks, that is, all insurance against war risks, these ideas were expressed more than once. and we also agree with

due to the fact that currently one of the components of international financial assistance to ukraine could be the introduction of such insurance, it could significantly accelerate the multiplication of the potential financial effect of such support, because in fact such insurance will allow attracting significant private investors, the president of ukraine has repeatedly , especially recently, speaking and in front of ukrainian business as well as in front of international representatives of international business, he repeatedly emphasized that ukraine is a country that is very attractive for investments, and in the medium- term perspective, if we are talking about the fact that ukraine is moving towards the european union, and in fact we face colossal tasks not only for military recovery, but also for the modernization of the country's national economy in accordance with european standards, then this will be a huge potential positive field for the work of investors from many countries of the world. i think that primarily european investors. i think that primarily

investors from countries that are, so to speak, young they could be interested in the countries of europe and central-eastern europe because they have the experience of such work, they did it on their lands literally in the previous decades, how will this scheme work, that is, there is a conditional polish businessman who wants to proceed with investments in ukraine, who provides he has guarantees well, you see, for this we need to work on this scheme, we can offer it today, but for its development we need specialists and we need appropriate agreements but it is about the fact that a businessman who plans to invest in in ukraine, he can receive certain financial guarantees in the event that one of the foreign donors, it can be a small international insurance company, or perhaps some kind of intergovernmental agreement in the event that his investment is destroyed as a result of military actions

, that is, a direct missile attack there and so on. and in this case, ukraine receives a positive in the form of the investment coming. it begins to materialize and then the businessman begins to work. he has certain insurance against those risks not which unfortunately, by default, no insurance covers eh and eh. i think that it is this scheme. well, it is discussed quite widely. it may be, by the way, the subject of uh, one of the subjects of the same economic rammstein that we talked about earlier, because here we need a joint the agreed position of those partners who currently support ukraine, and perhaps even a certain public-private partnership, because there is a government that supports ukraine, and there are large financial structures that have experience and practice in insurance activity, perhaps with our friends from partner countries who could provide such security guarantees to those entrepreneurs, their president, who would like to

invest money in ukraine yes, at the moment, as far as i know, negotiations have already been held with the ministry of economy and the ministry of economy, and there is some cooperation with the world bank and the instrument is already at the final stage of approval. and after that it is the ministry of economy, they are planning to take one project and on this project from katat, what will it be , it will be foreign insurance, after all, investments or even it will be ukrainian investments, it will depend on the project when it is found. we invite all those who are willing to join, and if they want to insure their war risks on significant investment projects there, then contact the ministry of economics a successful case of such insurance, your call applies to ukrainian business as well. i believe that ukrainian business as well

if it is a significant investment. they can all be covered. of course, it is a priority because we need to improve our currency balance. we invite all foreign investors, but for us, these are the same risks, this is also an investment, if someone wants to invest here from uh, not reputable countries, from terrorists, but from normal countries, everywhere , to attract funds, then to the whites, that evribate or we offer to everyone, mr. yaroslav, i wanted to a-a if we are talking about an economic miracle, what would happen to ukraine? what industries would this miracle start from? what should we understand by

an economic miracle? it is obvious that it must happen after that or it can happen simultaneously with that, but on the crest of what is happening, this is the revival of the country from the structure of the country. it seems to me that the first miracle that we can create with our own hands with the help of our foreign partners is that we after our victory, we must quickly and dynamically restore the country, and restore it in the new quality of a country that is already directly moving towards european membership and what a modern competitive country it is, i think that this will be the first economic miracle and it is hardly possible here talk about all the wounds, measurements, and so on, it is possible, it will be possible to talk, let's say , measure, let's say how quickly the regions that are very badly destroyed today will be revived, these are the northern regions - these are the eastern regions of the country, how will the cities that are destroyed today be revived

aggressor, this will really be a miracle and it will be a positive miracle that will be created by our years with the help of partners. if we talk about a more long-term period, then it is clear that in ukraine it will be necessary to form certain international specializations. and that these will be registered specializations. well, i think time will tell. i think that ukraine will definitely remain a country with a significant role for agricultural production, but agricultural production is already in the industrial aspect in the context of processed in the context of the production of ecologically clean products there and so then it is clear that ukraine has a volina, er, then, since you are on a positive note, i interrupted you, paraphrasing a well-known phrase , our budget is half deficit or half surplus for literally 20 seconds, mr. yaroslav , you and then you, ms. victoria no, let's be sober, our budget today is half in deficit we must be aware that this is deficit funding, we must use it as efficiently as possible - in the most efficient way possible, it is clear ms. victoria, spending 2.5 billion and borrowing 1.6

billion ago, unfortunately, this is the military budget of a state that is fighting and winning, it is important, yes. thank you for joining our discussion . yaroslav zhalilo, economist, deputy director of the national institute of strategic studies , was with us. we do not say goodbye and we advise you not to leave the national marathon. unconquered

cities of ukraine. from 17 to twenty-one thousand jews were shot in the dnipro after the expulsion of the nazis remained under the attack of enemy aircraft but did not stop working on the victory does not cease and now he is the first to meet those who are fleeing from the war and, despite everything, reliably holds the rear of the dnipro people, just space and the dnipro is unconquered

, my country. for real bright and colorful, my country is autumn, my country is unique and wonderful, they give birth to colorful rainbows, my country is dragobrat, a spring dream covered with a soft blanket. wherever you are, you will always return home to your ukraine. i will not give it to anyone. the rules of a warm country this winter, no house will burn down, the state and cities are doing everything possible to give cheerful warmth, it is our job to preserve it,

unite with neighbors, insulate your house and your apartment, check the electrical wiring, take care of alternative means of heating, draw up an action plan in an extreme situation, help each other, we will win the winter together unconquered cities of ukraine kryvyi rih the iron heart of ukraine and the longest city in europe its man-made landscapes attract guests and the city is actively developing industrial tourism kryvyi rih lands were part of the zaporizhzhya army, the central governing body of kish zaporizhzhia sich was located in the city during

archaeological excavations in balka, ukrainian archaeologist oleksandr pol discovered the remains of smelting furnaces, which indicate that metallurgy was still practiced here by the scythians during the years of nazi occupation , the head of the city administration, serhiy sherstyuk led the popular resistance introduced the official use of the ukrainian language and anthem ukraine and glory and will are not dead yet because even under enemy fire the people of kryvyi rih work fearlessly, help and protect independence, because in addition to an iron heart, they also have the steel cossack character

. colorful my country in autumn tanks in my country are unique and wonderful they give birth to security colorful my country to cover myself with a soft blanket wherever you are you will always return home to your ukraine i will not give it to anyone here are ruins, we will not leave here, this is our land, this is my home, so many shot cars with plates, children with

white flags shot at our houses, a lot of people died, their families, these are such people, freed from everything, the planes flew in, they started bombing, well, the planes are very scary, we will raise everything from ruins, we are a strong nation, we have always been independent and we will always be them, the documentary loses foley, the only news, the unconquered cities of ukraine, our shipping capital is known for its moorings, bridges and happy brides, the glorious earth at the confluence ingula with the buska estuary became filled closely connected with the zaporizhzhya cossacks and for centuries formed a free ukrainian spirit to fight, the

city named in honor of the patron saint of sailors , saint nicholas, always courageously fought against enslavement, as during the second world war, hitler's troops shamefully fled from mykolaiv, the same fate awaits and on other occupiers who are now encroaching on the glorious ship shrine, despite the constant shelling of mykolaiv, the cord is spreading its sails for the victory of ukraine. unconquered mykolaiv, we are always laughed in the face of the enemies under the tsars, survived the bullets, stood up under the hammer and sickle, did not lose themselves, does not have the strength to destroy ukraine, it

will not work, and now weapons, drinks, medicines, equipment , to whom to list leave this choice, you want to contribute to the defense of the state, but you do not know how to invest in military bonds, support the cess now, buy a military bond worth 1,000 hryvnias , dollars or euros and return your money with interest . let your money already work for our joint victory together, the armed forces of ukraine, the number of deposits is unlimited details on the bons.gov.ua website four o'clock in ukraine news time on the air of the general national whole