05 September 2024

Ukraine is making requests to partners to increase funding

 


The NBU spoke about the most realistic source of coverage of the budget deficit

Thursday, September 5, 2024, 19:15 - 
The most realistic source of budget deficit coverage – active work in the domestic borrowing market to attract UAH 220 billion in net financing by the end of this year.

About it reports press service of the National Bank of Ukraine with reference to the head of the NBU Andriy Pishny.
Addressing the banks, the First Deputy Chairman of the NBU Kateryna Rozhkova urged them to take this into account in investment plans until the end of the year, in particular in terms of the volume of the acquisition of IGLBs.

"It's not about the rover, but about additional plans, net involvement to finance the needs of the budget,"said Kateryna Rozhkova.

"Given the growing needs of the budget due to the protracted war, Ukraine is making requests to partners to increase funding. – said Lushny. – But our country has to go its own way and contribute to the common ba
sket."
A nearly $1 trillion defense budget faces headwinds at home and abroad

Let's remind:
In the new version of the tax (fact cleaned some tax items and added new - 50% income tax for banks for 2024 and increase it to 25% for non-bank Finnish companies.
Finally, in the government's tax return again canceled some norms: the planned resource of 125 billion hryvnias decreased 4 times - to 30 billion.
Verkhovna Rada failed voting in the first reading for the tax increase.


IMF mission started discussions with the Ukrainian authorities on the revision of the $ 1.1 billion expanded funding program.

Ukraine is being prepared to the pressure of the International Monetary Fund (IMF) on the devaluation of hryvnia and tax increases. 

International Monetary Fund mission sees lack of resources in the tax increase and among additional sources offers a revision of VAT. 


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