Currently, according to Prime Minister Denis Shmygal, there is a critical need to raise additional funds for the budget.
Prime Minister Denis Shmygal said that the government introduced the principle “Fight or Work”, which provides for the introduction of a number of measures that will bring the labor market out of the shadows. The head of government announced this at the forum Ukraine 2024. Freedom on Tuesday, August 27th.
“For two and a half years, we managed to attract almost $100 billion from our partners, we are very grateful to our partners, it gave us the opportunity to fulfill all social obligations to Ukrainians,” said said Shmygal.
Currently, according to the head of government, there is a critical need to raise additional funds for the budget.
Among other things, it is proposed to increase domestic borrowing, increase income tax rates for banks, expand the military levy base and increase military levy rates for some cases.
“We also introduce the principle “Fight or Work”, which provides for the introduction of a number of measures that will eliminate the labor market. This is an important point for increasing the number of jobs and increasing the average wage industry and fill the budget,” he added.
We remind you that the final government bill on changes to the Tax Code is planned to be submitted to the relevant committee and the Verkhovna Rada for consideration in the first weeks of September.
The Finance Ministry also said that a tax hike is inevitable, as all other sources of increased funding for the defense sector have been exhausted.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.