Ministry of Finance of Ukraine
The Ministry of Finance assures that the state budget for 2025 is designed to ensure a stable year despite the challenges of war
The government has approved new debt restructuring rules for heat and water utilities
The president signed a law on the conditions for receiving 5 50 billion from the G7
EU and Ukraine sign agreement on loan of up to 35 billion euros
Currency exchange rate on December 4: the hryvnia continues to fall
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The state budget of Ukraine has received almost UAH 500 billion from the placement of domestic government bonds at auctions since the beginning of the year - the Ministry of Finance
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MP on the draft law on tax hikes: more than UAH 152 billion in revenue is expected from it
Ukraine exchanges financial account data for the first time: what it means
Domestic government bonds covered 30% of budget financing this year
Expenditures from the general fund of the state budget for 9 months exceeded revenues by UAH 800.5 billion - Ministry of Finance
Zelenskyy approves NSDC decision on defense budget for 2025: what is expected
The Ministry of Finance assures that the state budget for 2025 is designed to ensure a stable year despite the challenges of war
In 2025, more than UAH 2. 2 trillion is allocated for the Defense Forces, which is 26.3% of GDP. Funding will be provided through changes to the Tax Code and funds from the ERA program.
The government has approved new debt restructuring rules for heat and water utilities
The Cabinet of Ministers has defined the criteria for debt restructuring of heat supply companies and water utilities affected by hostilities. The right to defer payment will be granted to enterprises with destroyed or damaged infrastructure.
The president signed a law on the conditions for receiving 5 50 billion from the G7
Zelensky signed a law on obtaining a кредиту 50 billion loan from the G7. The funds do not need to be returned without reparations from the Russian Federation, and the return will be made at the expense of frozen Russian assets.
EU and Ukraine sign agreement on loan of up to 35 billion euros
Ukraine and the EU have signed an agreement on macro-financial assistance of up to 35 billion euros. Repayment of the loan is planned to be carried out at the expense of profits from frozen assets of the Russian Federation in the EU.
Currency exchange rate on December 4: the hryvnia continues to fall
The NBU set the official Hryvnia exchange rate at UAH 41. 6972/USD, which is 4 kopecks more. In banks, the dollar can be bought for 41.95 UAH, the euro - for 44.30 UAH.
The Ministry of Finance has no doubt that Zelensky will sign a law on raising taxes in the near future
Finance Minister Marchenko announced that the president will inevitably sign a law on raising taxes. This is necessary to balance the 2025 budget and meet the requirements of the IMF.
Ukraine spent UAH 1.6 trillion on defense in 10 months - Ministry of Finance
In the first 10 months of 2024, Ukraine allocated 58. 3% of its budget to the security and defense sector. The funds were spent on military equipment, weapons, military supplies and other defense needs.
Parliament has taken up the Budget-2025: what does the draft envisage
The Verkhovna Rada has started considering the draft budget for 2025. According to the Minister of Finance, the tax bill No. 11416-d should bring in additional UAH 141 billion.
NGO proposes to introduce a “compassionate leave”: for whom and why the idea came up
In Ukraine, they are initiating the introduction of "condolence leave" for workers who lost loved ones due to the war. Research has shown the need to allow time to recover from a loss.
Budget 2025: UAH 55 billion will be allocated for arms production more than last year
The Cabinet of Ministers has approved the draft budget for 2025 with expenditures of UAH 3. 7 trillion. UAH 54.55 billion has been allocated for the development of arms production, and another UAH 500 million for soft loans to defense companies.
IMF Mission Starts Work in Kyiv on the 6th Review of the EFF Program: What Milestones Ukraine Should Meet
The leadership of the Ministry of Finance and the NBU have started discussing the sixth review of the EFF program with IMF experts. Ukraine needs to fulfill four structural benchmarks to receive the next tranche in December.
MP on the 2025 budget: no increase in minimum wages and pensions is planned
The draft budget for 2025 does not provide for an increase in the minimum wage and pensions. Social payments will remain at the level of 2024, with only annual pension indexation.
Ukraine will receive a new tranche from the World Bank: where will billions of dollars go
The World Bank will provide Ukraine with a grant of $1. 35 billion and €10.8 million under the PEACE in Ukraine project. The funds will be used for social and humanitarian needs of the state budget.
The state budget of Ukraine has received almost UAH 500 billion from the placement of domestic government bonds at auctions since the beginning of the year - the Ministry of Finance
Since the beginning of 2024, the state budget has received UAH 497. 8 billion from the placement of domestic government bonds at auctions. In October, UAH 106.9 billion was raised, of which UAH 82.8 billion were military bonds.
Rada abolishes 37% increase in salaries for prosecutors in the budget-2025
The Verkhovna Rada has supported amendment No. 155, which cancels a 37% increase in prosecutors' salaries in the draft State Budget 2025. This decision was voted for by 242 MPs.
VR Committee approves draft Budget 2025 for first reading: what has changed?
The Verkhovna Rada Budget Committee has supported the draft State Budget for 2025 for the first reading. Among the changes are the exclusion of the Road Fund and the abolition of cashback funds, and MPs submitted 2098 amendments.
First audit of the Pension Fund reveals problems with identification and payments
The Accounting Chamber conducted the first historical audit of the Pension Fund according to international standards. The audit revealed problems with the identification of pensioners and an additional burden on the budget due to increased payments.
IMF increases Ukraine's financing plan for 2025 to USD 2.7 billion - Ministry of Finance
The IMF has optimized the schedule of tranches for Ukraine for 2025, increasing funding from $1. 8 billion to $2.7 billion. Over the 19 months of the EFF program, Ukraine has successfully completed five reviews, attracting $8.7 billion.
Ministry of Finance: Updated IMF Memorandum does not provide for any obligations to increase energy tariffs
The updated IMF memorandum contains no commitments to raise energy tariffs in Ukraine. The Ministry of Finance reports that various options are being considered to support the country's energy stability.
MP: IMF has increased the number of structural beacons for Ukraine, but the tranche is expected soon
The IMF has added 11 new structural beacons for Ukraine, bringing the total to 48. Ukraine expects to receive a $1.1 billion tranche to cover its budget deficit soon.
Against the background of the scandal with “disabled” prosecutors: MP tells about an attempt to increase the salary costs for prosecutors at a record level
MP Yuzhanina proposed to reduce spending on prosecutors' salaries by UAH 2. 7 billion in the draft State Budget 2025. The working group supported the proposal, but its further fate is unknown.
Estonian IT company to develop a system of electronic excise taxes on alcohol and tobacco
ELEKS has won a tender to develop an electronic system for the circulation of alcohol and tobacco, eAcces, in Ukraine. The system will replace paper excise stamps with electronic ones with Datamatrix codes and is scheduled to be launched in 2026.
The state budget of Ukraine received almost $300 million from Canada
Ukraine received CAD 400 million in concessional financing from Canada for 10 years at 1. 5% per annum. The funds have already been transferred to the state budget and will be used for priority expenditures.
Marchenko reminded of the G7 mechanism to increase Ukraine's budget at the expense of income from frozen assets of the Russian Federation
The Minister of Finance of Ukraine Sergii Marchenko discussed the G7 mechanism for increasing Ukraine's budget at the expense of frozen Russian assets. He also spoke about external financing plans for 2025.
The Rada continues to discuss amendments to the law on tax hikes: 15 MPs remain in the hall
Only 15 MPs remained in the Verkhovna Rada during the discussion of amendments to the law on tax increases. The draft law envisages an increase in the military tax to 5% and in the bank profit tax to 50%.
MP on the draft law on tax hikes: more than UAH 152 billion in revenue is expected from it
More than UAH 152 billion in revenues are expected from the draft law on tax increases. The main revenues will come from the bank tax and the tax on profits of financial companies, said the head of the Verkhovna Rada Budget Committee.
Ukraine exchanges financial account data for the first time: what it means
Ukraine has made the first international automatic exchange of information on financial accounts under the CRS standard. This will help fight tax evasion more effectively and contribute to the country's economic stability.
Domestic government bonds covered 30% of budget financing this year
As of October 1, 2024, 30% of Ukraine's state budget financing was provided by domestic government bonds, which amounted to USD 10. 1 billion. The total amount of budget financing amounted to $34.6 billion.
Expenditures from the general fund of the state budget for 9 months exceeded revenues by UAH 800.5 billion - Ministry of Finance
In January-September 2024, the state budget of Ukraine received UAH 2. 17 trillion in revenues and expenditures amounted to UAH 2.97 trillion. Expenditures from the general fund exceeded revenues by UAH 800.5 billion.
Zelenskyy approves NSDC decision on defense budget for 2025: what is expected
The decree provides for the allocation of at least 26. 3% of GDP to the security and defense sector in 2025. Priority areas of funding have been identified, including the development of the Armed Forces and cybersecurity.