Kyiv is unsure about how it’s going to fund new mobilization efforts, the Ukrainian finance minister said.

The internal financing potential for further mobilization has already been exhausted, and there are no available funds to artificially increase expenditures, Finance Minister Serhiy Marchenko said, speaking on the Business Breakfast with Volodymyr Fedorin podcast on Wednesday.

Spending choices and cost optimization must come from the General Staff of the Armed Forces of Ukraine and the Ministry of Defense, Fedorin said, but Ukraine’s economy presently lacks the internal capacity to finance its military’s requirements.

“If we need to find them, we need to understand in time — these funds need to be found today or it's March-April-May, perhaps the second half of the year. That is, I need a picture, as the Minister of Finance. Then it will be possible to talk about meeting these needs,” Marchenko said.

Advertisement

While not ruling out the possibility of seeking additional income and internal sources of financing, Marchenko cautioned that specific figures cannot be discussed at this stage, as things haven’t been finalized.

“As of now, we have not come to this exercise yet. Although I understand that we will approach it in the near future,” Marchenko added.

The Cabinet of Ministers of Ukraine has published a draft law detailing plans to mobilize a further 500,000 citizens to replenish the military.

Syrsky Audit to Find Out What Two Thirds of His Troops Actually Do
Other Topics of Interest

Syrsky Audit to Find Out What Two Thirds of His Troops Actually Do

David Arakhamia said the audit had already revealed entire units, numbering tens of thousands of troops, that have not been on the front lines once since the war began two years ago.

The latest development – as yet lacking full details – has sparked active discussions across social media, with many reacting negatively.

To suggest a correction or clarification, write to us here
You can also highlight the text and press Ctrl + Enter

Comments (0)

https://www.kyivpost.com/assets/images/author.png
Write the first comment for this!