Is there any hope that the President will not sign the tax changes?

Strange things are happening. The Verkhovna Rada was in a great hurry to pass a law that, among other things, increases the EPT rate and introduces its payment for single tax payers. However, this law has been awaiting the President's signature for more than two weeks. Is there any hope that the law will not be signed? MP Yaroslav Zheleznyak commented on this scenario.

"Suppose the President decides not to sign the law for some reason. This year, it will be only about UAH 10-15 billion, which is a lot, but I think we will somehow survive on the domestic market," the MP writes.

But there is a problem in 2025. This law is calculated in the 2025 budget, and UAH 120 billion from this law has already been allocated there.
And now, after the first reading, the Cabinet of Ministers has to submit the text of the budget to the Rada for the second reading by next week.

So the question is, how do we get out of the situation if the law is not signed? Either we have to cut spending or balance it somehow.

If the law is not signed, it turns out that 120 billion will have to be taken away from defense spending (since it is financed by taxes). Zheleznyak doubts that anyone will do this.

Then there are two options:

1. either they will increase domestic borrowing by the corresponding amount (such as a trade-in with banks for not raising the tax again).
2. or rely on that part of the military spending that is included in the $50 billion from the G7 ($3 billion from the British and allegedly about $10 billion from the United States).

"There is only one problem - both the first and second scenarios will not work! Moreover, they will create 110% of the problems with the IMF and other partners. Right away," the MP warns.

And given that the G7's $50 billion financing is directly tied to the IMF's performance, ..... will not work either.

That's why Zheleznyak is confident that the law will eventually be signed.

"There is no choice there. Everything else is an illusion and wishful thinking," he concludes.