Ministry of Finance of Ukraine
The government has approved a bill to restore medium-term budget planning for local communities, especially in the areas affected by military operations, which will allow them to forecast budgets for several years ahead and attract funding for economic development and social support.
The Ministry of Finance has published an analytical dashboard for monitoring salaries and the number of employees of state institutions, which aims to ensure the efficient use of state budget funds and make the remuneration of civil servants more transparent and fair.
Japan has allocated $230 million to support Ukraine's agricultural sector as part of a project aimed at restoring agriculture and providing access to finance for farmers.
Last week, entrepreneurs received 600 soft loans worth UAH 2. 1 billion under the government program "Affordable Loans at 5-7-9%".
The government approved a draft law to gradually increase excise tax rates on fuel and alcoholic beverages to the EU minimum levels, with an expected additional UAH 1. 6 billion per month from fuel sales and UAH 4.5 million per month from intermediate products in 2024, aimed at supporting the country's security and defense sector.
Ukraine will soon receive $880 million from the IMF after the successful completion of the third review of the Extended Fund Facility program, paving the way for the fourth tranche of funding.
The government plans to reduce the number of vacant positions in government agencies by almost 19,300 to cut costs and prevent overstated salaries due to excessive vacancies.
The government plans to adopt a bill to increase excise taxes on tobacco products, which should come into effect on July 1, 2024, and gradually increase to the EU minimum level by 2028.
Ukraine and the European Union have signed an agreement to provide €6 billion in soft loans to Ukraine, of which €4. 5 billion will be disbursed in March and the remaining €1.5 billion in April 2024 after the reform indicators are met.
Ukraine has a clear plan of action and first results in accessing frozen Russian assets worth about €300 billion to finance the costs of recovery.
The Government of Ukraine raised over UAH 34 billion from the sale of domestic government bonds in January-February 2024, exceeding the redemption volume by more than UAH 20 billion.
Ukraine cut spending on lobbying in the United States by 93% to $367 thousand in 2023, compared to almost $5 million in the first year of the war with Russia.
The subordinates of the mayor of Vinnytsia, an ally of former Prime Minister Volodymyr Groysman, claim that they were carrying out some work at the lyceum to eliminate the consequences of the strike on the city.
In the first two months of 2024, Ukraine received $1. 2 billion in grants and concessional financing from international partners such as Japan, Norway, and Spain, with most of the funds going to social spending through World Bank projects.
The EU Council approves a four-year, €50 billion aid plan called the Ukraine Facility to support Ukraine's economic recovery.
Ukraine has received $760 million in grants from Japan and Norway under the World Bank's PEACE project.
It was reported that a lyceum damaged by a rocket attack in Vinnytsia in 2022 had been repaired, but an investigation revealed that no repairs had actually been made.
Ukraine's Finance Ministry has criticized the FATF for not blacklisting russia despite evidence of its sanctions violations and increased financial ties with Iran and North Korea.
Ukraine is close to receiving $900 million from the IMF as the next loan tranche to help finance its defense against Russia and meet its debt obligations.
The Ministry of Finance of Ukraine has published a Reform Matrix containing more than 200 conditions in key sectors of the economy to monitor Ukraine's progress in implementing reforms.
The region controlled by Groysman's fellow party members "failed" to build shelters for schools at the expense of state subventions.
During the period of martial law in Ukraine, entrepreneurs received more than 46,500 affordable loans totaling UAH 187 billion under the state program "Affordable Loans 5-7-9%".
Most of Ukraine's public debt consists of long-term concessional loans from international partners. According to the Ministry of Finance, 10 countries provided grant assistance to Ukraine, namely: The United States, Japan, Norway, Germany, Spain, Finland, Switzerland, Ireland, Belgium, and Iceland.
Japan is expected to provide Ukraine with an additional $1. 8 billion in budgetary aid in the first quarter of 2022, reports Ukraine's Finance Ministry.
Ukraine and Japan have signed a double taxation treaty, which provides for the allocation of taxation rights for certain types of income, such as dividends, interest and royalties, received by residents of one country from sources in the other.
The IMF mission led by Gavin Gray and the Ukrainian authorities begin talks in Warsaw and online on the third review of Ukraine's Extended Fund Facility program to discuss Ukraine's implementation of the Memorandum of Economic and Financial Policies.
The new members of the Donor Coordination Platform will commit more than $5. 5 billion to Ukraine's recovery to help avoid financial instability in 2024.
The Government of Ukraine allocated UAH 37 billion for social payments in January 2024, including UAH 20. 9 billion for pensions and UAH 4.7 billion for benefits and subsidies, and payments were made on time and in full.
Ukraine has called on the FATF to blacklist Russia at its upcoming meeting due to Russia's growing financial ties with Iran and North Korea, which threaten global security.
The Government of Ukraine and the IMF launched the Ukraine Capacity Building Facility with $65 million in funding from donor countries to strengthen Ukraine's institutional capacity and support economic reforms.