Ministry of Finance of Ukraine
According to CASE Ukraine senior economist Volodymyr Dubrovsky, the draft law on the “white business club” proposed by Danylo Hetmantsev is aimed at dividing entrepreneurs and undermining their efforts to reform the tax system.
During the martial law period, entrepreneurs received 52,244 loans totaling UAH 208. 7 billion under the Affordable Loans 5-7-9% program.
Ukraine has received €1. 5 billion of the second tranche of funding from the EU and expects the third tranche of €1.89 billion to be disbursed soon.
The Verkhovna Rada of Ukraine has supported a draft law that abolishes all upward and downward coefficients to the rates of rent for the use of Ukraine's radio frequency resource.
The draft law proposes to abolish all upward and downward coefficients applied to the rates of rent for the use of radio frequency resources of Ukraine.
The Government has approved a review of state budget expenditures in 20 areas by 16 key spending units in 2024 to increase efficiency and reallocate funds to higher priority areas.
The Government ordered to reallocate UAH 5. 5 billion from public debt service to increase funding for the elimination of the consequences of Russian aggression and strengthen Ukraine's defense capabilities.
In the first three months of 2024, the state budget expenditures for the security and defense sector amounted to UAH 408. 2 billion, or 58.9% of the total general fund expenditures.
Ukraine and South Korea sign a framework agreement that will allow Ukraine to receive up to $2. 1 billion in loans from the South Korean Fund for Economic Development and Cooperation to implement priority projects in 2024-2029.
Since the start of Russia's full-scale invasion in February 2022, Ukraine has received $83. 7 billion in financial assistance from international partners.
Ukraine's Finance Minister met with U. S. officials to discuss Ukraine's estimated $37.2 billion state budget needs for 2024, the use of confiscated Russian assets to rebuild Ukraine, and assistance in restoring critical infrastructure damaged by Russian attacks.
The European Commission has approved the Ukraine Plan for 2024-2027, paving the way for regular and predictable EU support to help Ukraine meet its urgent budgetary needs, carry out recovery and reconstruction, and ensure macro-financial stability.
Since the beginning of 2024, nearly 7,000 entrepreneurs have received affordable loans worth UAH 27. 3 billion, with one in five loans issued to businesses operating in high-risk areas.
In 2024, Ukraine received $10. 2 billion in external financing from international partners, including the US, EU, Japan, Canada, IMF, UK, and Norway.
For the first time in Ukraine, free infertility treatment using assisted reproductive technologies has become available under the medical guarantees program, with UAH 1. 87 billion allocated for this purpose.
The Ministry of Defense of Ukraine has established an Audit Committee composed of certified internal auditors from NATO and Ukraine to strengthen internal audit functions, maintain public trust and implement the highest international standards in the ministry.
If the blockade on the border with Poland continues, Ukraine could lose up to $400 million annually due to reduced exports and lower budget revenues.
The National Bank of Ukraine has strengthened the official hryvnia exchange rate against the US dollar by 13 kopecks to 39. 1953 UAH/USD.
Ukraine's public and publicly guaranteed debt reached UAH 5. 49 trillion, or USD 143.69 billion, as of early March, of which 69.67% was external debt and 30.33% was domestic debt.
Ukraine has received $118 million in grants from Japan under the World Bank's HEAL and HOPE projects to support the state budget, health care system, and housing repairs.
Starting April 1, Ukraine will increase minimum wages and pensions, increase payments to children of fallen Ukrainian defenders, increase the cost of issuing a foreign passport, and reduce the number of vacant civil servants by more than 19,000.
Ukraine has received a $1. 5 billion loan from Japan and the United Kingdom through the World Bank to support key state budget priorities in the face of full-scale Russian aggression.
Any increase in fiscal pressure on business is unjustified and harmful, as it will impose significant costs on business, while additional revenues to the state budget will be minimal, said the president of the All-Ukrainian Professional Association of Entrepreneurs.
President Zelenskyy announces an increase in funding for Ukraine's Foreign Intelligence Service to counter Russian challenges and expand its operational capabilities.
Starting from 1 April 2024, the minimum wage in Ukraine will increase to UAH 8,000, which will result in an increase in various employment-related compensation payments in line with the minimum wage.
Ukraine will receive a €100 million loan from the Council of Europe Development Bank to compensate for property destroyed during the Russian invasion by issuing housing certificates to more than 2,000 recipients.
The World Bank has approved a $1. 5 billion loan to Ukraine to help restore the economy, finance priority social and humanitarian expenditures, and implement reforms aimed at European integration and economic growth.
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.