Hetmantsev explains why money from the telethon should not be used for the AFU

Hetmantsev explains why money from the telethon should not be used for the AFU

The head of the Verkhovna Rada's Tax Committee, Danylo Hetmantsev, explained why the government does not consider it appropriate to redirect the money allocated for the Yedyni Novyny and FREEDOM telethons to finance the Armed Forces. He believes that this money is too small on the scale of the war.


According to him, the state has only two sources for military spending - taxes and the public debt. These are the sources that will be used to finance the new payment for the military for being "at zero".


"All large-scale wars were largely financed by taxes and public debt. We can trace a clear history of the formation of tax systems and debt instruments in relation to wars in Europe and America," Hetmantsev wrote on Telegram.


Alternative ideas, such as the redistribution of money from the telethon or the reduction of the state apparatus, do not stand up to criticism, according to the politician.

 

"Last year, the current maintenance of the army from the general fund of the state budget cost UAH 5 billion a day. You can calculate for yourself how many days of war we can finance by trying to save a few billion hryvnias on ephemeral government spending. Yes, of course, this is money, but frankly wild game when they point to these funds as a solution," Hetmantsev wrote.


"But what we should definitely avoid is financing through emission. Because budgetary emission provokes inflation and devaluation. And yes, it is also a tax, but it is an unfair tax and a tax that hits the least protected citizens and the economy hard. Emission is definitely the last option that will be on the table," the MP said.





The head of the Verkhovna Rada's Tax Committee, Danylo Hetmantsev, explained why the government does not consider it appropriate to redirect the money allocated for the Yedyni Novyny and FREEDOM telethons to finance the Armed Forces. He believes that this money is too small on the scale of the war.


According to him, the state has only two sources for military spending - taxes and the public debt. These are the sources that will be used to finance the new payment for the military for being "at zero".


"All large-scale wars were largely financed by taxes and public debt. We can trace a clear history of the formation of tax systems and debt instruments in relation to wars in Europe and America," Hetmantsev wrote on Telegram.


Alternative ideas, such as the redistribution of money from the telethon or the reduction of the state apparatus, do not stand up to criticism, according to the politician.

 

"Last year, the current maintenance of the army from the general fund of the state budget cost UAH 5 billion a day. You can calculate for yourself how many days of war we can finance by trying to save a few billion hryvnias on ephemeral government spending. Yes, of course, this is money, but frankly wild game when they point to these funds as a solution," Hetmantsev wrote.


"But what we should definitely avoid is financing through emission. Because budgetary emission provokes inflation and devaluation. And yes, it is also a tax, but it is an unfair tax and a tax that hits the least protected citizens and the economy hard. Emission is definitely the last option that will be on the table," the MP said.