Ukraine's PGO finds $237.4 mln hole in defense budget

UNIAN 4

The Prosecutor General's Office of Ukraine (PGO) has found that the receivables of suppliers to the Defense Ministry increased by UAH 2.4 billion, or US$93.4 million, in 2016, having reached a record UAH 6.1 billion, or $237.4 million, according to DT.UA online news portal.

Photo from UNIAN
Photo from UNIAN

Ukrainian Prosecutor General Yuriy Lutsenko provided the relevant data in his letter to Prime Minister Volodymyr Groysman sent in mid-July, DT.UA reports.

It is noted that the debt accounted for 11% of annual funding, while the overdue debt reached UAH 755 million, or $29.4 million.

National Bank transfers another UAH 5 bln of profit to budgetThe receivables of enterprises of Ukraine's state-run Ukroboronprom Concern to the Defense Ministry are estimated at UAH 1.6 billion ($62.3 million), whereas overdue debts total UAH 335 million ($13 million).

According to the results of inspections carried out by Ukroboronprom's internal security service, 25 CEOs of the state-run enterprises have been dismissed.

Tags: Ukroboronprom, receivables, debt, defense, budget

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