September 20, 2024
In the event of major changes in the budget balance for 2025, taxes will have to be raised - People's Deputy thumbnail
Economy

In the event of major changes in the budget balance for 2025, taxes will have to be raised – People’s Deputy

If the 2025 budget includes large changes in revenue and expenditure, then taxes, particularly VAT, may have to be raised.”, — write: www.epravda.com.ua

If the 2025 budget includes large changes in revenue and expenditure, then taxes, particularly VAT, may have to be raised.

People’s deputy Yaroslav Zheleznyak reported this with reference to the words of representatives of the Ministry of Finance.

“The Ministry of Finance reported that there is a provision in the IMF program that if there are significant changes in revenues and expenditures in the 2025 Budget, there will be a demand for an additional increase in taxes, in particular VAT,” he said.

However, according to the current indicators on which the draft budget for 2025 is based, there is no such need, says the People’s Deputy.

At this stage, the balancing of the budget will be carried out in accordance with draft law No. 11416-d prepared by the government.

We will remind:

The mission of the International Monetary Fund sees insufficient resources in the draft law on tax increases and among additional sources suggests revising VAT.

Economic truth.

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