In 2022-2023, despite the full-scale war, Ukraine is impressive with its financial strength. During this period, the state budget grew significantly, adding more than 3.1 trillion hryvnias thanks to taxes, fees and other payments. In addition, thanks to the issue of military bonds, it was possible to attract more than 14 billion US dollars for the needs of the Armed Forces.
This was reported by the Ministry of Finance. Ukraine successfully coped with the task of mobilizing budget resources, directing them to support the army, the economy and other important areas.
"Two years of full-scale war. For 731 days, each of us wakes up with the realization that our struggle continues - for our freedom, independence, for the right to live in our home, our country. Ukraine continues to act in this endless February with unshakable faith in the Armed Forces and victory over the Russian occupier," the agency said.
The Ministry of Finance expressed gratitude to businesses and enterprises that actively help fill the budget of Ukraine. During 2022-2023, the general fund of the state budget received more than 3.1 trillion hryvnias from taxes, fees and other payments.
It was also reported that thanks to the issuance of military bonds, more than 14 billion US dollars were attracted to the budget of Ukraine for the needs of the Armed Forces. The growth of investments in government bonds became a vivid example of national unity, and the total amount of funds raised through the issuance of government bonds exceeded 24 billion US dollars.
Despite these successes, Ukrainian businessmen expressed dissatisfaction with the proposals of the Ministry of Finance regarding taxes. In January 2024, the Ukrainian Business Council, which unites 112 associations of various sectors of the economy, expressed concern that the National Revenue Strategy contains provisions that may complicate business conditions in Ukraine. In particular, they noted that some proposals for the granting of powers to the DPS could lead to corruption risks and violation of the principle of presumption of innocence, and demanded personnel changes in the Ministry of Finance, including the resignation of the deputy head of the department Svitlana Vorobey.
