**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.
Read More @ kyivindependent.com