The State Audit Service will audit the State Food-Grain Corporation, which failed to pay off $95 million of the loan to the Chinese Eximbank in January.
This was stated by Finance Minister Sergiy Marchenko during a government meeting, reports “ProAgro Group” with reference to “Economic Truth”.
Thus, the government instructed the auditors to “study issues of targeted use, timeliness of return of loans and credits, raised under the state guarantees, the legality of spending funds of the SFGC.
Also, the auditors will assess the SFGC’s ability to pay the state for its guaranteed obligations.
It was previously reported that the January payment on the loan to China Eximbank SFGC passed in the amount of $ 8.8 million, or 9% of the required amount. The rest of the amount was paid from the state budget.
