"Kateryna Fomenko has proposed a draft law on the return of savings, in the development of which specialists from the National Bank of Ukraine and financial market experts participated. I believe that such a draft law absolutely resolves the problem of returning savings. In any case, 14 years is not a matter of 250 years," People's Deputy of Ukraine, head of the People's Party faction in the Verkhovna Rada Ihor Yeremieiev told the Western Information Corporation on June 6. Commenting on the draft law by his colleague, member of the People's Party faction Kateryna Fomenko, Ihor Yeremieiev recalled the current state of this issue: "We have a decision that 500 million hryvnias are returned to our depositors every year. This means that our people will be receiving these funds over the course of 250 years." Member of the People's Party faction Kateryna Fomenko has proposed a draft law that contains several key points. First, the government must recognize that the funds of the population held in savings books must be recognized as the state's internal debt. Second, a decision must be adopted that 1.5 percent of the state's gross income must be paid on this internal debt. And government bonds can be issued against this internal debt. They can be used for settlements, these government bonds can be placed on deposit in a bank at interest with a corresponding discount. A proposed gradation table [specifies] according to which age and when the funds should be returned. Thus a citizen, depending on their situation and how urgent their need for the return of funds is, can make a decision. Whether to wait two or three years until 100 percent of the funds are returned, or to accept this bond with a discount for a bank or another enterprise – and receive the funds immediately. A "round table" on this draft law has already been held, and there is acceptance of this draft law in the Cabinet of Ministers of Ukraine. Such a draft law has already been submitted and registered.
Ihor Yeremieiev knows how to solve the savings problem in 14, not 250, years
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