The Ukrainian Parliament rejected Prime Minister Arseniy Yatsenyuk’s resignation and approved laws to boost military spending.
He offered his resignation last week after politicians rejected his proposed budget. With it now approved, he took the opportunity to relish the victory.
Arseniy Yatsenyuk, Ukrainian Prime Minister: “There are two news stories in today’s world economy. First: Argentina announced a default, second – Ukraine didn’t. And will never announce it.”
Had his budget amendments not passed, Yatsenyuk argued, the country would have defaulted on its debt.
“What we need today is unity,” said Ukrainian President Petro Poroshenko continuing, “we need a reliable government. I’m sure that effective cooperation between the president, the government and the parliament will bring results”.
The budget changes were made to offset reduced revenues and higher spending, with a large slice going to the army campaign against pro-Russian separatists in the east.
Euronews’ correspondent Maria Korenyuk in Kyiv sums up:
“Adopting the key governmental draft laws resolved the issue of the government resignation. It means that this cabinet together with the Prime Minister Yatsenyuk will work at least until snap parliamentary elections are held in Ukraine, which could be as soon as October 26.”