During the 24 days of the war between Ukraine and Russia, about 30% of the Ukrainian economy stopped completely or temporarily. This, after the statement of the International Monetary Fund about the decline in Ukrainian GDP, was announced by the Minister of Finance Serhiy Marchenko on the air of the Rada TV channel..
This figure is only a preliminary estimate of the Ministry of Finance, which was shown by budget revenues from taxes, in particular, on the income of individuals, the unified social contribution and others.. More accurate figures will be a little later, but for now we can say that "
Those initiatives that the Verkhovna Rada is now introducing on the proposal of the President of our country Vladimir Zelensky - tax easing and lending at 0% - will not immediately show an increase in budget revenue.
“Now the situation is such that our tax revenues do not cover our needs at all, the main channel is borrowing, internal and external. Needs for the army and other important, sensitive things that we finance from the budget,” the minister explained. He added that in a military setting, only protected spending and military needs are funded..
At the same time, Marchenko stressed that the war is a difficult period for everyone, and the government is trying to create conditions under which business could previously operate where possible, so that new jobs could be created..
No one except us, Ukrainians, will invest in Ukraine. The only way to develop the economy is to create conditions for the development of business here inside,” he sums up..
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Recall that according to the International Monetary Fund, as a result of the war, Ukraine will lose up to 35% of GDP..