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Ukraine’s government is on a borrowing spree that threatens to stifle future growth,

Serhiy Verlanov, former head of the State Tax Service, warns in a scathing critique in the SeekingAlpha financial site. “Ukraine’s debt shot up 18% over the past 25 months, an unprecedented increase, to fuel the government’s populist policies without undertaking serious economic reforms,” he writes, referring to the first two years of the Zelenskiy government.

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