**Ukraine’s Parliament and Economy: Key Developments**
The Ukrainian parliament, Verkhovna Rada, will meet next week to consider several important economic issues. In this week’s newsletter, we highlight the main points.
**2025 State Budget at Risk**
The draft law on the 2025 state budget has not been signed by President Volodymyr Zelensky. This creates a risk that the Cabinet of Ministers may have to cut military expenses or raise internal borrowings to cover a potential budget gap of Hr 120 billion ($2.9 billion). The revised budget draft includes this amount in expenses, which are expected to be covered by tax increase.
**EU Obligations**
Ukraine has met one of its EU Facility requirements. President Zelensky signed a relevant draft law that prolongs the mandate of the Public Council of International Experts. This council will check candidates for the High Anti–Corruption Court (HACC) judges. The selection process is part of Ukraine’s obligations to the EU.
**Upcoming Parliament Meetings**
The next meetings of the Verkhovna Rada are scheduled for November 19-22. Among other issues, the parliament will consider a draft law on resuming monitoring and reporting of greenhouse gas emissions in the first reading.
**Ukrenergo Crisis**
Ukrenergo suspended eurobond payments worth $825 million due to technical default. The company cannot complete debt restructuring until a new supervisory board is formed. Two independent members of the previous board resigned, citing disagreement with the dismissal of Ukrenergo’s ex-Head.
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