the ministry of finance withdrew funds from there. er, a significant amount, and this is in the eventhat one or more banks become not averse to able er. it is possible that the fund will be ready to pay out funds in full and very quickly, that is, in fact, the form of guaranteeing deposits has become such a fund of the last the hope is that the alternative to the imf, not some individual bank, and all banks on equal terms, sums up this topic, let's move on to another, the committee of the verkhovna rada on finance, tax and customs policy supported the draft law on which currency exchangers can significantly increase the amount of tax liabilities, said the chairman danylo hetmantsiv committee, i will quote from almost four thousand money changers in the 21st year of myrny. well, the myrny industry paid as much as uah 7 million in taxes, despite the fact that according to the bank's calculations, one money changer earns an average of at least 80,000 hryvnias per month of income, well, the desire to supplement the budget is understandable, but what will happen to the exchange rate if the

in this direction of the ministry of finance.it is also necessary to work because well, for example, in my opinion, again, as an expert on the rate of return on military bonds, domestic loans are today lower than on the market, that is they are not so attractive for investment and even read a statement there yesterday evening that the ministry of finance yesterday left a record low level of raising funds for the market road accident, that is, internal raising is needed you don't need to expand it, just think about the fact that the national bank can print the hryvnia, monetize the state budget, cover it. that is, it will have a negative impact on the medium-term prospects at our level, on the exchange rate we are talking about, it will simply have a negative impact on inflation . on the website of the ministry of finance, it is the second line of budget replenishment. that is, you believe that the trend will be to decrease precisely this line, that is, it is clear that the first line is. i believe that it should be, but it should

we must enter into a program with the imf with you and receive stable financing for the period afternovember of this year at the expense of the international monetary fund, that is, in a normal positive scenario, we will have enough money to finance those expenses that are critical to oleksiy, we have already touched on the topic of protected articles of the budget from protected sexual expenses, so actually we can rely on the shoulders of the international monetary fund. can we hope that some countries will see that we do not have enough for pensions that we don't have enough to pay the salaries of doctors and teachers and they are clamoring to support us, but actually what can we hope for only ourselves, what we get, what the customs tax office will bring, and so on. unfortunately , we cannot provide for ourselves right now. it is absolutely reality and we have to reckon with it, that is, if no one helped us now, well , in fact, we would have now, well, it was a budget default, a default, and not only for the yard obligations, but also for the social obligations of the state, that

if we don't find money to finance the army, i want to remind you that we finance the army from our ownncome, then the money for we won't need everything else, that's why it's very important, yes, the opinion is such a decision. so, i understand that this will be the victory budget. thank you, gentlemen, for the single marathon already on the air. they talked about inflation and a little about the next year's budget and then about the work of parliamentarians. the verkhovna rada elected two members of the supreme council of justice, among them the lawyer of the automaidan . anthem amen in the world of voices, people's deputies elected two members of the supreme council of justice, mykola moroz and roman maselka, the latter known as the lawyer of the heavenly hundred for 258 during the maidan, i defended more than a dozen participants of the famous automaidan rally to yanukovych's mezhyhirya all of them did not violate anything, all the reports of the traffic police were falsified, but the judges , on the instructions of the authorities, deliberately condemned the innocent it was then th

hotline finance insurance of course online well, let's go back to our espresso marathon, my name isant to tell you that we will talk a little about the economy in this hour, not only about the economy, of course, but let's start with it, there are reports from various russian media that in a radius of 5 km, all local residents of the city were evacuated in the area of ​​the explosions. it is reported that military units were located and military warehouses with ammunition are still heard these explosions. that's it. that's it. it's in two different places at once. the distance to ukrainian positions is over 200 km. and here's another confirmation of what, well. someone tell me that it's dangerous to smoke at work. well, we agree with that. well, what else can i tell you ? now we will talk a little about the economy. the verkhovna rada has increased budget expenditures by 270 billion hryvnias . a member of the committee of the verkhovna rada of ukraine on tax and customs policy, as well as her colleague, gave birth to such a deputy. there are also rumors for this committee . and we s

want to make it in finance or even islamic finance. have that self confidence lay on your strength and have a can do attitude. be assertive? ah, because it is competitive and it is male dominated, there will be set back and you know, prepare. so you're not the 1st summer. i don't see myself as an up a female because i think you need to be a team player to succeed in running it in. but to get to where i am, yes, i would say i had to be that out for females to take the job and do it. mm . ah, the one i thought about the cherokee then go, but a mushroom advocate for women and children. ah. when am i going to next? when you bring the hand bottom up, begin that pain a special and beautiful had nowhere them by, by adding at me proper. in addition, you among the basic no ghost is the volunteer. some of them all know me, but i can get them again. but i think it's just a go to shopping. that the almost aside vehicle about being famous, your mom, berks no. i was able to give back to the community as you know for the hanging i, for ever since i a

the ministry of finance needs to attract funds from within the market. until they are ready significantly raise the rate and er, actually , at yesterday's auction, they attracted mostly currency days, which is a little different situation there, the rate is approximately, well, normal, which can be in the current conditions, but hryvnia bonds, well, in fact, as a result, the ministry of finance actually needs to resort to e.e. loans from the national bank of ukraine, which in other words is the emission of hryvnias and a plan. they are going to do it in the amount of 30 billion hryvnias per month until the end of this year. in the next year, this amount may decrease, but it is not a fact. 30 billions of hryvnias every year - that's a huge amount every month yevgeny what do you think the policy should be i understand that economists easily give advice they are not responsible for their implementation but maybe you can advise something that the ministry of finance and the national bank can take in service how should we act in such conditions ministry of fi

i badly, in fact in the money they are making is financing the war.- making is financing the war. the war. i think production is _ making is financing the war. i think production is 396 _ making is financing the war. i think production is 3% lower _ making is financing the war. i think production is 396 lower in _ making is financing the war. i think production is 396 lower in july - making is financing the war. i think production is 396 lower in july than | production is 3% lower in july than it was— production is 3% lower in july than it was before the war and with this bil it was before the war and with this trig fanfare — it was before the war and with this big fanfare of the invasion of western— big fanfare of the invasion of western countries saying that liquid introduced sanctions, if he is not much _ introduced sanctions, if he is not much has — introduced sanctions, if he is not much has changed. production has not changed _ much has changed. production has not changed much in the profits really fall changed much in the profits really fail in— changed much in the profits

cooperate with us, then i was recently in the belgorod region, and so on colleagues are ready to finance this money 50/50 so that people can come to rest in these national parks. thank you for your attention. so, here, indeed, some of the functions are financed by regional budgets, and er, of course, well, with side is not very clear. what is the problem? if there is a structure, it is funded, everything functions there, it needs to improve its technique, improve it there, uh, do some other planned things. it is understandable and easy to transfer this function to the federal level and that's it, but then the ministry of finance will have to somehow correct this within the framework of interbudgetary relations. this is not an easy job, but of course, of course, you can think of this, but additional resources, of course, will still be required. this is the first. second, regarding of the law about which or the draft law about which you spoke, yes, it is a noble noble cause. only i ask you to pay attention to the fact that, uh, we do not create any legal loopholes so that, uh , so that som

let's talk with the people's deputies of ukraine - it's not a southerner, member of the committee on finance, tax and customs policy of the council, mrs. nino, i congratulate you good day, good health, olga vasylevska smagliuk, also with us, people's deputy of ukraine, congratulations slava to ukraine and also the representative of the profile committee of this committee. well, let's talk about this tax reform announced by the government and the president's office . in particular, the radical tax reform is about reducing corporate income tax rates on the income of individuals and on value added. that is, all taxes will be equalized to 10%. . that's what you called her 10 10 ms. olga well, let's present this, these changes, these innovations. i can't quite imagine if we reduce taxes so much. and where then? in general, what will you fill to fill the budget with reminds me, do you remember gennadiy balashov was, well, there is, it seems, god bless him, he had a batch of 5-10, it was very simple, he said let's take 10% of the turnover and it will be every time, please let's all have 10 initiato

yesterday, the ministry of finance auctioned military bonds worth almost uah 4 billion equivalent. the rates did not change compared to the previous auction. as we said, the rates now are not the most, uh, not the best, and the fastest, as they say, it was not a market placement, that is, in fact, hidden financing of the budget at the expense of banks, which bonds are bought. well, accordingly, and banks they take this money from the national bank. in this way, along the chain, we see that the national bank continues to finance the budget, despite the fact that, interestingly, the minister of finance serhiy marchenko said that in august, ukraine received a record monthly amount of foreign financial aid of 4.6 billion dollars. why? should we place military bonds in a market way if we are already doing so well with external financial assistance, mr. mykhailo, let's continue hmm your conversation well, here it is worth distinguishing between the need for financing and what there were records, the fact that there were records does not mean that it is more than we need, it means that if

programs that co-financed the energy-saving programs of the consumers. after all, everything depends on the consumer. if the consumer is insulated, if he consumes less electricity, heat energy, and so on, the producer will need less. thank you, i still wanted us to formulate some e- are the practical steps that are needed now because well, the relevant minister warns that this will be the most difficult winter for everyone, and considering that we have official strategies, but they are not implemented. it depends on the people on the ground that can be done right now at the level of the community, just at the level well, i am like every ukrainian in cities and villages, if in the village there will still be something to warm up , then in the cities, well, it is difficult to imagine. which energy carriers , that is, windows, doors, eh, vestibules, entrances , attics, basements, eh, if there are eh, well, the gaps are large if thermal energy, that is, you heat not only your home, but also the surrounding natural environment all this is needed with this is

once the ministry of finance marchenko, the minister of finance, said that vdp especially military adaptations - this is more a matter of patriotism than of earnings. but it seems to me that those days have passed a little for those who invested out of patriotism - these are people who have already invested and these people already see that deposit rates are rising, the nbu discount rate has increased, the risk in the economy is generally increasing and inflation is growing, and even the most patriotic people already, when the repayment terms of the national security deposit come up, they will stop being guided by patriotism and will already look for income, because it is, after all, a matter of economics, and therefore i very much agree with mykhailo that the ministry of finance sooner or later and sooner rather than later will have to go to the increase of the state, and this is the opening of the stock market, this will at least give such a visible guide to what level to raise them what is the interest from the banks, yes, although there is also not a very high interest rate of 18% i i unde

once upon a time , the minister of finance marchenko, the minister of finance, said that the vdp, especiallyon, is more a matter of patriotism than of earning money. but it seems to me that those times have already passed a little. those who invested out of patriotism are people who have already invested and these people already see that interest rates on deposits are increasing , the nbu discount rate has increased, the risk in the economy is increasing in general, and inflation is increasing, and even the most patriotic people will already stop being guided by patriotism when the repayment terms of the national security deposit come to an end will already look for yields, because this is still a matter of economics, and that is why i very much agree with mykhailo that sooner or later, and sooner rather than later, the ministry of finance will have to go to the improvement of the state, and this is the opening of the stock market, it will at least give such a visible orientation to the level of their increase what is the interest from the banks, yes, even though there is also not a very hig

they do the hardest work in the community development finance. they are designed to fill the gaps that other private sector financial service providers cannot on their own but they are great in partnership together and what your tax credit proposal would do is to be able to build those partnerships between capital providers and those on the ground to do it. a cd fis need long-term capital because the development requires it. it's the hardest kind of capital to get but it has to be available to cost that makes sense and your tax credit would lower the cost to enable those to greatly expand. >> i appreciate the work and hopefully we can move on this and my last 55 seconds for senator cantwell to make a slight pitch to the committee members and others on another small initiative section 113 that would take the legal act with a small amount of money literally in the millions start experimenting whether we could securitize some of this debt which again would be another tool to make sure we spread this capacity more. i've been supportive of those commu

uh, finance, from trade finance to cooperative projects. e, mutual investments it is no secret that the cost of a loan, and sometimes the very fact of issuing loans, directly depends on the risk assessment. and if such a croup. the structure takes on these risks , then, of course, any funding organization is more willing to cooperate and are completely open here. ah, new possibilities. the first policy of the reinsurance company may be issued as early as the beginning of next year, and the operating eurasian projects are planned to be supported financially. first of all, in the industry, for this activity, they are waiting for the eurasian development bank and the stop fund to answer the question of sources and amounts. while open among projects, belarus offers the eurasian electric bus, but we are ready to participate in the creation of other equipment, where we have production capacities and design solutions, and now now they are looking for financing and affordable loans for the best projects. i will say systemic solutions should not be

the war in ukraine conflict or blood diamonds are usually called such stones that are sold to finance the war deputies who are currently in touch with us are yuliya klymenko, first deputy head of the verkhovna rada committee on transport and infrastructure ms. yuliya congratulations, glory to ukraine and olha vasylevska smagliuk, head of the verkhovna rada committee of the verkhovna rada committee on finance, tax and customs policy ms. olha, i also congratulate you glory to ukraine oh if i am not mistaken , a meeting of the working group began today at 4:00 p.m., which is considering the prospects of actually returning the excise tax on fuel a very ambiguous story, experts are afraid that this may affect the price of fuel in particular. but the ministry of economy notes that the return of excise duty is not due to the cost of fuel for citizens, nevertheless we we understand the strategic importance of fuel now , because the armed forces of ukraine need it in general, it is absolutely necessary for civilians, nevertheless, i would like to know what each of you thinks about the prospect

there are various credit programs at reduced rates financing for ukrainian citizens and enterprises,also helps to compensate for debt service costs and, accordingly, to use a more accessible monetary resource which is so necessary for ukrainian business and the new grant program, which was already launched during military operations, which you say was initiated by the minister of economy of ukraine by the finance administration, so it is better to ask the representatives of the ukrainian financial system for financial assistance for more details about its work partners from, are our allies ready to allocate such funds as you are now saying? well, we are now actively working with our e-e western partners with international financial by organizations such as the world bank, the european bank for the reconstruction of development, the european investment bank, and separately by the governments of various countries in order to attract funds. that is why they allow us to maintain ourselves in these difficult conditions . now, depending on the month, municipal expenditures of the state bud

to the country convinced until ukraine wins, what depends on this financially, and here the financing option is very important, in fact, from how to castrate and admission to the european union the union, after all. well, two months ago, this country paid off and ended what ukrainians fought for since 2014, when europe said yes to a member of the european court, now we have to say how we do it and prove that we will make progress there. that means that the amount of financial aid for ukraine will at least be the same as today's third conference in berlin and the key thing is how they will agree to finance the restoration of ukraine and the fourth, in addition to the fact that there is money and taxes from the american this is the aggressor - russia 300 billion reserves have been seized the world legal system must make a decision for itself regarding the confiscation of these assets and this money must be sent to ukraine this is a classic reparations, that is, the dictatorial fascist regime of putin, which caused economic damage, must pay for it, there is something to pay, therefore, o

or even islamic finance. have that self confidence lay on your strength. have a can do attitude, be assertive. ah, because it is competitive and it is male dominated, there will be set back and you know, the pair. so you're not the 1st summer. ah, i don't see myself as an apple female because i think you need to be a team player who succeed in running it. but to get to where i am, yes, i would say i had to be the alpha females to take the job and do it me ah, the one i thought about the cherokee and then go, but i'm a strong advocate for women and children straight. ah hard, when am i going to next? when you bring your screen hand bottom up ringing amanda at mundane a door showing by the seller had no, we're done by by added at me proper. the tradition you among bad bad be the basic nuggets when the lucky for more is the volunteer to some of the more low me but i can get them. i gave them a globe as kind of bad at and i think it has to go to subpoena that the old massapequa about being famous, who ma burkes,

done this very important task that must be solved at the political level because the ministry of financet its own at its own level for some reason cannot solve this issue, it must be political will and ukraine needs not only the restructuring of a part of the debt for 15-20 years, but also writing off at least 50% of the debt load and reducing the debt service rate from seven percent to 2-3%, in order to reduce both the amount of the debt itself and the cost of servicing this debt is therefore a question that will really decide the fate of the future generation of ukrainians. we now have a historic window of opportunity to write off at least half of the debt by 50% and simply get out of this, well, get out of this debt as far as excise taxes are concerned. in principle, when they started to introduce these benefits from the bottom of the vat, excise taxes were reduced, i wrote then that this will not have a negative impact on the budget and will not give anything from the point of view of reducing prices for gas stations why? because it is a fuel, it is a product with a very specific ela

hotline finance insurance of course online informational and analytical day of espresso tv channel ineat of the next hour, we will analyze the most important things, we will start with the economy, and our guests will be oleksandr savchenko and serhiy fursa, investment banker dragon capital, mr. serhiy is already in touch with us, congratulations, glory to ukraine, the hryvnia exchange rate, mr. serhiy, the people of our tv audience of course, they begin to ask us and khrystyna what will happen , so to speak, with the hryvnia exchange rate of 40-60 80 120 and so on, please tell us about the hidden dangers, so to speak, and our rainbows in quotes or without quotes because you managed to change, so to speak, the informational order of the days that you are confident in. and it was very strange. by the way, because we discussed the prospects of the course. and what will happen if the macroeconomic stage, the basis of the foundation, is destroyed, and it was about that if it is destroyed, the exchange rate can be anywhere from 80 to 120 points, yes, but so far, at the moment, we have achi

hotline finance insurance of course online see this week in the program judicial control call a friend or how circular surety works in competitions to authorities of the judiciary, a decent, intelligent, young, talented specialist, how the new composition of the supreme council of justice is formed, we call it judicial clans and they act according to the principle and a master class of the judicial character of a candidate for the supreme council of justice, how to get a lexus and an apartment as a gift, watch the program on thursday, august 25 at 5:50 p.m. judicial control with tetyana shustrova on the espresso tv channel in the cockpits of airplanes behind the monitors of radar stations at the control points of anti-aircraft missile systems at thousands of combat positions throughout the territory of our country, they are every day approaching victory. glory to the air force of the armed forces of ukraine. watch this week's program judicial control, call a friend or how circular bail works in competitions for judicial authorities, for the first time, this is just a decent , intellige

vitaliy without him is with us in the studio and we are now talking about recovery and financing, youe deputy minister of finance of ukraine hmm what can you say about the amount of money that is already coming in and how it will be used because vitaliy has run away more than once today i emphasized transparency, that it exists and that our western partners demand it very much because we are talking about colossal sums, well, transparency of the use of funds is definitely one of the key factors, but those funds that are currently coming mainly to the state budget they are aimed at covering the deficit of the state budget so that we can finance the armed forces of ukraine without problems - this is still a key expenditure part of the state budget and also fulfill our social obligations to citizens, but as for the funds for reconstruction, so far there are local programs that work with local budgets, as for the global recovery program, it should start already after the end of hostilities. therefore, now the main thing for the ministry of finance and the government and of the president -

we and it has borrowed heavily to finance them.— finance them.e literally caving under the _ finance them. we are literally caving under the high - finance them. we are literally caving under the high level. finance them. we are literally caving under the high level of| caving under the high level of public debt in the country but we know that what has made the public debt levels rise is corruption. if we continue to have those corrupt people, people with questionable integrity, ethics and characters in office, it means we will always struggle in terms of reinvesting our resources from pilferage. this election has _ resources from pilferage. this election has the _ resources from pilferage. this election has the same - resources from pilferage. this election has the same old faces in the new political outfits, but whoever wins, voters do not expect much will change. and with such opulence on the campaign trail, it is hard to see how can you leader can control corruption, or even attempt to end it. —— can you's. stay with us on bbc news. still to

it is simply a colossal amount and a lot will depend on the ministry of finance of ukraine.t the moment, they were not ready to raise the rates on their borrowing for the military. bonds only a little bit in the previous previous week and today there will be another auction if we see an increase in rates over 16% closer to 20%, which is at least inflation for the next 12 months let's say yes, it will stimulate both banks and companies and even the population to invest in this instrument because if you invest in a state-owned enterprise at 10%, and gas inflation will be 25 in the near future, then this is, in fact , in fact, such charity if you have the opportunity to invest at 20-25%, then this can happen in principle because it will allow us to prepare a little better for inflation if the rates are increased. this means that the national bank will have to print smaller volumes, less volume, accordingly, less load on the exchange rate, so much we have options, such as how to increase the budget or print or whether to ask and wait for help from our partners, but they publishe

or even islamic finance. have that self confidence lay on your strength and have a can do attitude. be assertive? ah, because it is competitive and it is male dominated, there will be set back and you know, prepare. so you're not preferred. ah, i don't see myself as in apple female because i think you need to be a team player to succeed in running it. but to get to where i am, yes, i would say i had to be that out for females to take the job and do it me . ah, the one i thought about the cherokee then go, but i'm a strong advocate for women and children. ah. when am i going to next? when you bring a hand bottom up begin, i'm again that i've been paying a special and beautiful had nowhere them by, by an at me proper. in addition, yamaha about that and then be the hobby seek nuggets on delegate for more is the volunteer to some of the more low me, but i can get them. i gave them a globe scan of back and i think it has to go to shipping. but the old massapequa about being fema sumani, burkes lincoln, i was able

currently, the ministry of finance is ready to pay only 14% annual bonds, while the expected inflation at the end of the year is 30%, that is, a potential investor loses funds instead of earning when he buys ours do not help to fill the budget in fact and the deputies yesterday they failed the government draft law on the return of excise taxes on fuel eight economists from different countries of the world, including ukrainians yuriy gorodnychenko from the american university of berkeley and timofii malovanov from the kyiv school of economics appealed to the ukrainian government to change its economic policy, in particular, they call on the national bank to abandon the fixed exchange rate of the hryvnia of deputies taxes and excise duties, and the government should raise interest rates on government debt securities, which i actually talked about before, and also limit money will escape from the country, the queen of vitamins, blueberry, it is grown in zakarpattia, the season is just in full swing, the berry that ripens in the middle of the summer on store shelves is not cheap, because i

however, the politician is confident of funds it will be enough to finance the needs of the army andf the lending program with the international monetary fund is approved, the difference is 5 billion monthly financing of our state budget 5 billion, these five billion where 4.5 to 4 where 5 we e-e receive at the expense of financing of our partners, as well as due to the purchase of military bonds of the national bank, that is, we do not have many sources. we must enter into a program with the imf with you and receive stable financing for the period after november this year at the expense of the international monetary fund , that is, in a normal positive scenario, we will have enough money to finance those expenses that are critical ivanous chief consultant of the national institute of strategic studies with us i congratulate you i congratulate our ideas studio greetings dear viewers good night mr. ivan if we talk about the program from what kind of imf do we really want or is it possible? it is already clear that in this way the imf will set a kind of precedent. this is unique becaus

plus, get 0% financing when you finance with gm financial. ♪♪ find new roads at your local chevy dealer> this sunday, a big deal. >> we're taking a giant step forward as a nation. >> joe manchin and democrats finally agree a bill to spend billions on climate, to cut the deficit. it is a political octs have the need? >> we'll be talking and hopefully we'll have 50 votes. >> i'll talk to the man at the center of it all, senator joe manchin of west virginia. >>> plus, senate republicans block a bill they formerly supported to help veterans exposed to toxic burn pits. >> i'm used to the lies.

you were thinking about financing elon musk's twitter bid. does this leave a bad taste in your mouth or financing in the future? jim: we are a big player in the global financing markets. we are thoughtful about what we do. we have a long-term track record to prove that out. jonathan: everyone in the room will be happy with that answer. tom: he read that off of a cue card. like powell in a press conference. jonathan: fantastic to catch up with you, jim zelter. from new york city. jobless claims in america our next. we are up .1 on the nasdaq. 2.67 the 10 year. mike mckee is ready to break down the data. this is bloomberg. ♪ jonathan: economic data in america. live from new york city, good morning. futures positive .8% on the s&p. yields are lower on the 10 year, 2.666. data in america. here is mike mckee. mike: it is the same story with the jobless claims that we have seen the last couple of weeks, a small rise. 260,000. last week, 256. that is not the revised number. the revised the number we are waiting to come up. we will see what that was.

uh, we agreed on this approach with the ministry of finance.tate-owned transport leasing company is finalizing the amount of necessary financing. according to, uh, a pre- prepared program, but only according to such a scheme. we will be able to solve the problems of transport connectivity and the development of water tourism within our country, the development of new international routes and a transport corridor. all mortys, in addition to the construction of new ships, it is necessary to solve the issues of repair and maintenance in parallel technology, taking into account your instructions, together with the ministry of finance, we have found a decision to reset vat on the essence of repairs, but on the condition that we will conclude an investment agreement with enterprises, and on the conditions to invest the profits in modernization and, in fact, the creation of a new industry. the amendments to the tax code are now ready with colleagues, and i would also like to say in conclusion about far eastern enterprises to support the shipyard of th

if there is a structure, it is financed, everything functions there, it needs to improve the technique there, uh, some other things. hmm, planned things to do. it is understandable and simple to transfer this function to the federal level and that's all, but then the ministry of finance will have to somehow correct this within the framework of budgetary relations. it's not an easy job, but he's behind it, of course.

and founder of the progress network zachary karabell my name is jim kelly and i'm a member of the finance faculty and director of the covelli center for global security analysis. before we heard from zachary i have the happy task of reading a short welcoming remark from being rapid chili pick in 2020 we celebrate one of years of education at fordham. since our inception we believe in the power of partnerships to inform and lead change. as we continue our mission to hafoster innovation in businesst is with honor that we continue to present these discussions in our new academic year. i would very much like to think the covelli center and a wonderful partners, the museum of american finance and the cfa society of new york were sponsoring today's conversation. the centennial series was designed to shine light on the emerging and importantnt trends. today's session features a keynote discussion with zachary karabell, historian and former financial executive and author of "inside money" a book that offers a first full and frank look inside brown brothers harriman against the backdrop of america

of the national bank of the national money bank and directly buys defense bonds of the ministry of financedget. thus, in the e-e in the budget in the state budget a-a respectively and we just now have no other way out, in fact, that is, without an emission source, we simply do not have osb pay pensions , social payments, salaries, such others, and the third source is international financial assistance, i.e., non-refundable grants that go into the budget , that is, there are three main sources and, in principle, it is the equivalent of a deficit at the level of about 5 billion dollars a month, it can be slightly reduced due to the devaluation of the hryvnia. well, because rye expenses, they do not increase proportionally to the level of devaluation, well, they predict that according to the results of this year, there will be at least one trillion hryvnias deficit of the state budget. and what will it be in dollars? this is about international aid in the context of the next possible next program from the international monetary fund, we will talk a little later, now i would like to ask a prac

hotline finance, insurance, of course, online, without ukraine , it is impossible to destroy the soviet union and this day has come, and my father and mother, you could believe your luck that you have we are also independent august 24, 1991 year ukraine became an independent democratic state, ukrainians understand more than ever what independence really is, those who were deprived of freedom understand well what a great value it is. we will win and make such a state where ukrainians will not die because independence is a state that protects each of its citizens and the fifth hour of the marathon with andriy sergiychuk and serhiy infursa, an investment banker. and mr. serhiy fursa is already joining us. government and where are the many radical reforms, let's start with this one, if possible, but recently we reported that there are plans to reduce the number of officials in ukraine by 8%. these were the plans, but i was interested in another figure and i want to take this opportunity to understand that what is happening now, they have also prepared a rather radical plan for tax reform, o

it goes in three parts first president and ceo of american finance went reduce our speakers. then zachary will introduce his add on —- introduce and then we will facilitate audience questions which we ask you type into the q&a section at the bottom of your screen. our speakers will be but then we also be distributing by lottery his new book and you'll be notified within one week. before i turn it over to david, what you to ask her on —- ask you to consider to making a donation to the centennial fund which supports emergencies with the covid-19 public health crisis. to quicklys and security on —- accurately in the chat and now i turn it over to david. >> it's always great to be back as we continue that amazing partnership but what strikes me zachary looking into his background not just the endeavors he is involved in but the incredible depth of the various sectors his entrepreneurial spirit and optimism is prevalent which i suggest all of you check out and the progress that they are looking at things that can move society in a more positive direction to hopes and aspirations a

hotline finance insurance of course online good morning ukraine on tv channel espresso informational in the midst of 22 minutes past eight khrystyna yatskiv "." so, in fact, we can say with confidence that the offensive potential of the russian army and not every day is felt along the entire front line, in particular, and as you have already noted, na bakhmut na soledar, that is, they are still further in terms of inertia they go, they send infantry, they take out their armored vehicles, they advance, but it is impossible to compare even with, for example, a month ago and the hostilities that took place a month ago, for example, that is, it is obvious that these are all the actions of our the connection is not too stable, well, for obvious reasons, yurko-herun is now at the front, and we understand that something is happening with the connection. well, let's hope that the connection will be restored in donetsk, in addition to the fact that it was possible to repel enemy assaults on the bakhmut direction after all, the general staff reports on certain results of the offensive in the d

hotline finance insurance, of course, online, dear ukraine, you know that in our country everythinghe way we are we want everything to be successful, everything will be everywhere, everything will work everything will be blue and yellow everything will be ukraine you will blossom and turn into silver everything will be independence with a holiday like never before if you have an allergy, the drug citrin will help free breathing and get rid of itching in the eyes and tearing - cetrin specifically blocks receptors histamine and usually begins to protect against allergies after 20 minutes . russia, we will not forgive, we honor everyone and we win for the sake of your memory, the angels of sports, the angels of ukraine. human activities sports culture politics eight presenters of express journalists experts opinion leaders in real time about the most relevant events through the prism of war every day author's projects on espresso it is very important in this difficult time to be aware of what is happening, we tell the news and help to understand the events, however, the war can make ad

the ministry of finance is developing a draft budget for next year. and what are we planning in this sense? look, i, uh, just like ivanna, is very worried about the fifth grade and there are no textbooks there, and now, under these conditions, what is there? when we already have today, teachers' salaries are partially covered by the funds of the world bank, what the ministry of education did not manage to mention was that please add another 2 million for the printing of textbooks for the fifth grade . that the entire reform of the new ukrainian school is really at risk now if textbooks for the fifth grade are not printed and provided to schools for use . largely finance the functioning of secondary education in ukraine, it was simply necessary to mention the textbook. believe me, i communicate in brussels every time about the fact that please give me money for textbooks, but i cannot do the work of the ministry of education if it does not then forward the information, does not ask for specific requests, specific things are of course that this will not

to the needs of the army, salaries to the military, repair of equipment, other state expenses are financed by the help of our international allies and borrowing through military bonds, the head of the government added that today ukrainians are more conscious than ever, businesses and citizens pay despite the difficulties taxes, digitization in the service sector is ongoing in the application, it is possible to share the technical passport for the car again, testing of this service has already been launched, it will help to check whether everything is correct is working, minister of digital transformation mykhailo fedorov said, with a few clicks, a driver can share his technical passport with his wife, husband or friend, and not pass a plastic certificate from hand to hand, the government official noted, so soon the driver's license and technical passport will be displayed in the polish application . hot pies and the demand continues to exceed the supply, at least so in ivano-frankivsk it is still difficult to find a one-room budget apartment or a residential building, if housing that suits

good afternoon and welcome to the july 27, 2022, budget and finance committee meeting, i'm hillary ronen, and joined by safai and supervisor mar. our clerk is felipe and thank jason for broadcasting this meeting. mr. clerk, to you have announcements? >> thank you, madam chair. with our return to the chamber, a friendly reminder for those in attendance, please make sure the silence all cell phones and electronic devices and the supervisor are in hybrid meetings that allow in person attendance and providing public comment and providing it via telephone. public access is essential and taking public comment as follows, first public comment will be taken on each item on the agenda. those attending in person will be allowed to speak first. and then we'll take those waiting on the telephone line. for those watching, either channels 26, 28, 78 or 99 and sfgov dot org and the call in number, the number is 4156550001 tell, again, that's 451-655-0001 and enter the meeting id, 24927999124 and press pound twice. when connected, you'll hear the meeting discussion and listening mode only. when your ite

the problem is that the world has the political, 5, economy and finance, and economy in finance, you know, doing with common people, which is harming all common peoples. but still we are in talks with them in dialogues. and even the treasury department of us has had some licensees which you decrease the restrictions on or banking system. the still we are used to eliminate all distinctions on our banking systems . now the taliban says its generating its own revenues and aims to meet its fiscal target for this year. our budget annually budget, which we made it is the 1st budget in 20 years, which is completely dependent on our, on revenues. it is about $2500000000.00 and we believe it till the end of our fiscal year, or we can erase or what we have for cost in our budget. we have generated about $800000000.00 from customs for $400000000.00 for from non tax revenues, which are mostly come from mines in about $300000000.00 or from taxes. and just to some organization have peered a very small number of salaries, or many afghans say their earnings were depleted due in part to inconsistent