November 27, 2024
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Shmyhal called on Zelenskyi to sign laws on the state budget and tax increases

Prime Minister of Ukraine Denys Shmyhal called on President Volodymyr Zelenskyi to sign the laws on the state budget for 2025 and on changes to the tax code as soon as possible. He noted that these laws will enter into force on December 1, and their adoption is critically important for the fulfillment of Ukraine’s international obligations, as well as for ensuring the financing of defense costs. The main theses of Shmyhal’s statement:”, — write on: ua.news

Prime Minister of Ukraine Denys Shmyhal called on President Volodymyr Zelenskyi to sign the laws on the state budget for 2025 and on changes to the tax code as soon as possible.

He noted that these laws will enter into force on December 1, and their adoption is critically important for the fulfillment of Ukraine’s international obligations, as well as for ensuring the financing of defense costs.

The main theses of Shmyhal’s statement:

  • In the state budget for 2025, 60% of expenditures will be directed to the security and defense sector. Total expenses for the army will exceed UAH 2.2 trillion, which is significantly more than the country’s peacetime budget.
  • The new laws will provide resources for the purchase of weapons, ammunition and the payment of salaries to the military.
  • The signing of these documents is one of the requirements of international creditors for the continuation of financial support to Ukraine.
  • Shmyhal stressed the importance of implementing changes as soon as possible to ensure stable funding for defense and other critical needs in 2025.

    We also wrote that Ukraine and the World Bank presented the Matrix of reforms – i.e. a plan of changes containing all approved recommendations from partners.

    We also reported that the Cabinet of Ministers supported raising a loan from the International Bank for Reconstruction and Development for $662 million. These funds should be used to finance social protection programs.

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