Ministry of Finance of Ukraine

In June, spending on security and defense reached UAH 155. 6 billion. In January-June 2024, UAH 888.4 billion was spent on this sector, which is 57.5% of all expenditures of the general fund of the state budget.

The Verkhovna Rada has approved in the first reading a draft law on the restoration of medium-term budget planning for local communities. This will allow forecasting budgets for 3 years ahead and expand funding opportunities.

Economist Oleksandr Okhrimenko believes that the volume of lending to the population of Ukraine should increase significantly to bring it closer to European standards. Currently, Ukraine ranks last in Europe in terms of the ratio of loans to households to GDP.

The Minister of Finance of Ukraine informed the Chancellor of the Exchequer of the Exchequer of the United Kingdom about the need to finance Ukraine's state budget deficit in 2025, and the UK assured its continued support for Ukraine.

This year, Ukraine has already received $16 billion in external financing for the state budget, and another $22 billion is expected by the end of the year, for a total of $42. 5 billion in assistance from international partners.

Shmyhal held the first meeting of the Steering Board for the Coordination of Central Executive Authorities to support Ukraine's participation in the Multi-Donor Coordination Platform. According to him, the country already has access to funding under the EU's Ukraine Facility program, so we need to form a single list of projects as soon as possible.

The National Bank of Ukraine has set the official hryvnia exchange rate at 40. 7146 UAH/USD, strengthening the hryvnia by 5 kopecks against the dollar.

Prime Minister Denys Shmyhal instructed the ministries to ensure uninterrupted power supply to military formations in the frontline regions, resolve water supply issues, prepare for winter, and develop mechanisms for distributing humanitarian aid in the form of liquefied gas for the needs of household consumers.

The revenues of the general fund of the state budget increased by 5% in the first half of 2024, and the potential for revenues and financing of the security and defense sector is growing, the Minister of Finance of Ukraine has announced.

Ukraine expects to receive the first tranche of the approved $7. 8 billion budget support package from the United States in the near future.

The suspension of russia's membership in the Financial Action Task Force on Money Laundering (FATF) remains in place, but it has not been blacklisted once again, despite Ukraine's calls for more decisive action due to russia's financial ties to North Korea, which violate UN resolutions.

At the beginning of June 2024, the state and state-guaranteed debt of Ukraine reached UAH 6. 1 trillion, or almost майже 151 billion.

International partners have assured Ukraine of further financial support for the implementation of the 2024 budget, while the EU is expected to provide the largest assistance in the amount of 16 billion euros, provided that Ukraine fulfills its obligations under the financing plan for Ukraine.

Russia's deepening ties with sanctioned states such as North Korea and Iran, including military cooperation and circumvention of financial sanctions, prompted Ukraine to ask the FATF to blacklist Russia at its June 23 plenary meeting.

Ukraine needs an additional $9. 5 billion this year to finance its priority recovery needs.

Ukraine is calling on international bondholders to agree to a debt reduction of more than $20 billion, after previous talks failed to produce a deal.

The World Bank will provide Ukraine with more than $100 million in grants to repair housing damaged by Russian shelling and restore energy services, including district heating in Kharkiv.

Ukraine and Germany signed a declaration on strengthening cooperation in the field of entrepreneurship support.

The Development Bank of the Council of Europe will provide Ukraine with a loan of 100 million euros for the program "Nome. Compensation for destroyed housing" is aimed at supporting citizens affected by the full-scale war.

According to Prime Minister Denys Shmyhal, Ukraine needs annual investments of 1 10-30 billion over the next 10 years.

During the period of martial law, entrepreneurs took out more than 55. 1 thousand loans worth about UAH 220 billion under the state program "affordable loans 5-7-9%", mainly to replenish working capital and for anti-war purposes.

The executive director of the European Business Association reports an increase in the number of cases of blocking tax invoices, which may indicate attempts to put pressure on businesses.

The Ministry of Finance of Ukraine actively regulates the legislation of Ukraine to EU standards in order to speed up the process of the country's accession to the European Union.

The minister of Finance of Ukraine met with the president of the EBRD to discuss the bank's priorities in Ukraine, in particular in the fields of energy, infrastructure and Municipal Administration, as well as plans for further cooperation.

The Verkhovna Rada has ratified the Ukrainian-Japanese Convention on the elimination of double taxation, which sets restrictions on the taxation of dividends, interest and royalties between the two countries to facilitate economic relations and reduce tax barriers.

A new wave of blocking tax invoices has begun. It could have been triggered by an audit of the risk monitoring system and criteria for blocking invoices appointed by the government.

A new wave of blocking tax invoices has begun in Ukraine. This time, the tax authorities began to demand documents that are usually studied during tax audits.

Ukraine and the IMF have reached an agreement on the fourth revision of the extended financing program in the amount of доларів 15. 6 billion, which opens the way for Ukraine to receive funds in the amount of.2.2 billion.

The Ministry of defense is working on a decision to allocate an additional UAH 370 billion for the purchase of weapons to support its defense industry and meet the material and technical needs of the army.

Ukraine expects to receive the next tranche of $2. 2 billion in IMF funding under the Extended Fund Facility in June after successful negotiations on the fourth review of the program.