Artur Martovytskyi: The mindless policy of the Ministry of Finance restrains the development of local communities

Artur Martovytskyi: The mindless policy of the Ministry of Finance restrains the development of local communities

MP from the OPPOSITION BLOC Artur Martovytskyi appealed to Prime Minister Volodymyr Groysman to pay attention to the activities of the Ministry of Finance, which with its policy restrains the development of settlements and local communities.

“On December 11, 2012, the Pavlohrad City Council of Dnipropetrovsk Oblast received a loan from the Nordic Environment Finance Corporation to the financing of a project on partial thermo-modernization of kindergartens for 2012-2017 in the amount of UAH 2.6 million. Thanks to the loan, the city replaced the old windows with new ones in nine preschool institutions. The return of the principal debt on the loan and interest was carried out in eight equal semi-annual contributions – on June, 15 and December, 5 of each year,” the parliamentarian said.

“On December 12, 2014, the financial management of the Pavlohrad City Council 3 days prior to the maturity of the loan transferred funds in the amount of UAH 308,960.09 to the accounts of the State Savings Bank of Ukraine, which ensured the fulfillment of the terms of the loan agreement in full. Nevertheless, the “State Savings Bank of Ukraine” OJSC delayed the purchase of currency due to its absence on the interbank foreign exchange market, which led to a delay in payment of the principal amount of the loan and interest for 3 days,” the MP noted.

According to Artur Martovytskyi, a similar situation has already arisen in June 2015. “All cases of violation of the loan repayment schedule occurred due to force majeure, that is, regardless of the will of the contracting parties. However, despite the fact that the obligations under the loan agreement were fulfilled by the Сity Сouncil on time, the Ministry of Finance of Ukraine unreasonably denied it the right to make local borrowings over the next five years from 2018 to 2022, which greatly hinders the development of the city,” the politician told.

Artur Martovytskyi noted that, without being able to borrow money, the beginning of the heating season of 2018-2019 had been disrupted in Pavlohrad. In addition, the implementation of many infrastructure projects aimed at improving the lives of city residents is delayed.

“I consider such a situation unacceptable. I require the Prime Minister to review the harmful policy of the Ministry of Finance, which restrains the development of settlements and local communities of Ukraine,” Artur Martovytskyi noted.

14 March 2019 09:00
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