ENG
10361 visitors online
The Ministry of Finance of Ukraine plays a critical role in managing the country’s budget amidst ongoing challenges. Recently, the state spent UAH 17.8 billion on "Zelenskyy’s thousand" payments. Meanwhile, tax reforms are underway, with projected revenue changes aimed to balance expenditures. Notable developments include receiving $691 million in grant aid from Japan and Canada and opening discussions with the IMF for anticipated tax revisions. The state's commitment to military financing remains a priority, with expenditures overtaking other sectors. Ukraine continues to secure substantial international support, such as the $1.3 billion from the US to offset state budget expenses and a preferential loan package from South Korea. These measures are aligned with the overarching goal of maintaining economic stability while addressing the pressing financial demands of the ongoing war.
What is the Ministry of Finance doing to support Ukraine's budget?
The Ministry of Finance of Ukraine is actively engaging with international partners for financial assistance and implementing budget strategies to address both immediate and long-term economic needs. Recently, they have secured significant foreign aid and loans while proposing tax reforms to boost revenue without increasing taxes.
How is Ukraine managing military expenses amid economic challenges?
Ukraine has prioritized military expenditures despite financial constraints, as indicated by the substantial budget allocations for defense. The Ministry of Finance has been adjusting the budget to ensure continuous support for the Armed Forces, which remains a significant focus of national expenditure.
How much has international aid contributed to Ukraine's economy?
Since February 2022, Ukraine has received approximately $98.7 billion in external financing from donor countries and international financial institutions. This support is crucial for balancing Ukraine's budget amid ongoing military and economic challenges, allowing for continued stability and recovery efforts.
What are the key tax reforms proposed by Ukraine's Ministry of Finance?
The Ministry of Finance has initiated tax reforms intending to align with international standards and generate significant revenue. The proposed changes are part of broader economic strategies that include consultations with key stakeholders to ensure efficient implementation and maximal economic impact.
What are the main sources of Ukraine's international financial assistance?
Ukraine's primary sources of international financial assistance include grants, loans, and aid from countries like the US, Japan, Canada, and regions such as the EU. They also receive support from global financial institutions such as the IMF and World Bank, which are crucial for economic recovery and sustainability.
What role does the Ministry of Finance play in Ukraine's economic policy?
The Ministry of Finance of Ukraine is central to formulating and executing economic policies. This includes managing the state's budget, implementing tax reforms, negotiating international aid and loans, and ensuring fiscal discipline to facilitate economic growth and recovery, especially amid the ongoing conflict.
TOP news Ministry of Finance
"I am clown, and you are finance minister and CEO in three offshore firms," - verbal dispute between Radical Party leader Liashko and Finance Minister Danyliuk. VIDEO Parliament's chief "radical" Oleh Liashko demanded that Minister of Finance Oleksandr Danyliuk explain the information about his directorship in three offshore companies. 152 294 448 Previously in trend: Hroisman's Cabinet
List of 114 Russian politicians, 96 oligarchs close to Putin made public, no additional sanctions imposed on them - CBS News The list of 114 Russian politicians and 96 "oligarchs" who have flourished during the reign of President Vladimir Putin fulfilling a demand by Congress that the U.S. punish Moscow for interfering in the 2016 U.S. election was released late Monday. 101 539 472 Previously in trend: Sanctions against Russia
About 100,000 entrepreneurs will be obliged to use cash registers, Finance Ministry says 96,700 self-employed individuals, who are working under the rules of the third group of single tax payers, must be using cash registers effective July 1, 2015 in accordance with amendments to the tax code, which will reduce the amount of infringing merchandise. 95 292 647
Minister Jaresko elaborated on salaries and pensions in 2016 The Ministry of Finance plans to raise the minimum wage and the living wage by 12.5 percent in 2016 in two stages, on May 1 and on Dec. 1, Minister of Finance Natalie Jaresko said presenting the 2016 draft budget in the Verkhovna Rada. 81 551 176 Previously in trend: Budget 2013
Ukraine’s GDP Slump Hit Bottom - Finance Minister Economic results of September suggest that the reduction of Ukraine's GDP has reached the bottom, Finance Minister Oleksandr Shlapak says. 79 905 341
UK court rejects full trial in case of Ukraine's $3B debt to Russia as Kyiv has no “justiciable defence” London's High Court has ruled March 29 that it would not be right for a $3bn bond case brought by Russia against Ukraine to proceed to full trial as Kyiv failed to present a court-ready defense. 75 241 217
"This is populism, not justice": Jaresko on foreign currency loans restructurisation The potential losses of the Ukrainian banking system from the law on foreign currency loans restructurisation at the date of contract conclusion will constitute 95 billion UAH. 72 943 626
Poroshenko on Putin's loan to Yanukovych: "That was a bribe, but Ukraine will demonstrate responsible behavior in this matter" President Poroshenko called $3 billion in Eurobonds sold to Russia in 2013 a bribe to Yanukovych's regime for the failure to sign the Association Agreement. 69 781 377
Finance Ministry proposes dramatic changes to taxation of property The Ukrainian Ministry of Finance proposes changes to taxation of property within reform of the country's tax system by introducing a tax on all houses and apartments, as well as industrial and warehouse facilities. 65 235 464
Russia Cannot Afford Extension of Sanctions Against the West - Russian Minister of Economic Development Economic Development Minister Alexei Ulyukaev believes that Russia cannot afford to impose sanctions against the West in other areas, in addition to food and agricultural products. 58 593 148
Minimum wage to be untaxed effective 2016, - Deputy Finance Minister Finance Ministry proposes to set a zero tax rate to the entire size of the minimum wage from January 1, 2016. 56 909 189
"Tax police is number one enemy. We should pluck up courage and eliminate it," - Finance Minister Danyliuk Ukraine's Finance Minister Oleksandr Danyliuk says the tax police should be eliminated. 51 516 76
Ukraine's state debt reduced by $3 bln, - Minister Jaresko Ukraine has managed to reduce its state debt by $3 bln. 49 381 523
Finance Minister Danyliuk confirms directorship in three offshore companies Finance Minister Oleksandr Danyliuk has confirmed being CEO in three companies abroad. 48 924 129
Ministry of Finance explains why IMF postponed meeting on Ukraine tranche The issue of allocating a tranche of $1 billion to Ukraine under the Expanded Financing Facility (EFF) program, scheduled for March 20, was postponed by the International Monetary Fund (IMF) Executive Board solely because of the clarification of calculations. 47 267 135
Ukrainians should reduce consumption of goods and services "several times" - Ministry of Finance In order to win the war with Russia, our citizens will have to limit their consumption several times over. In particular, they will have to stop buying foreign goods. 46 963 244
Final step towards Ukraine's debt restructuring made, - Minister Jaresko The government has approved the issue terms for new bonds which will be given to our sovereign creditors in exchange for the previous ones. 46 962 219
Salary of ATO soldiers to increase fourfold, - Minister Jaresko Finance Ministry-developed budget 2016 has allowed to increase monthly salary payments for base area soldiers by almost three times, from 2,341 to 7,000 UAH ($265 monthly), and for anti-terrorist operation (ATO) soldiers - by four times, to 10,300 UAH ($389). 46 944 135 Previously in trend: Budget 2013
Privatbank supervisory board picks Engin Akçakoca as chairman, - Danyliuk The Privatbank supervisory board chose Engin Akçakoca as its chairman at a meeting on Jan. 17. 45 289 132
Ukraine has settled $120-million Eurobond coupon payment, avoiding technical default, - UNIAN The Ministry of Finance of Ukraine had paid $120 million of Eurobond coupon due in July 2017. 44 233 333
Ukraine on the Verge of Default: Government Spent Almost all Savings The government Hs more and more difficulty paying the bills. On Friday, the Ministry of Finance reported a record budget deficit in December 2012 - 12.16 billion UAH - on a background of low growth of income of the general fund, the annual plan which has been underfulfilled by 32.6 billion USD. 44 163 245
Ukraine-IMF Memorandum has provisions on pension reform and land market, - Finance Minister Danyliuk The renewed text of the IMF Memorandum on Ukraine that was signed last week includes items on the pension, land, bank, and other important reforms. 42 548 135 Previously in trend: Land reform
Ukraine’s Finance Minister does not rule out possible retirement age increase during forthcoming pension reform The Minister of Finance of Ukraine Oleksandr Danyliuk does not rule out a possible increase of the retirement age as part of the upcoming pension reform in Ukraine. 38 443 133
IMF decision on new program for Ukraine may be postponed - Finance Ministry The Finance Ministry said that the IMF may delay the decision to start the new program of cooperation with Ukraine, as the main IMF’s precondition - the adoption of several already agreed laws by the Verkhovna Rada was not fulfilled. 34 362 143
Yatseniuk fully supports finance minister’s activities: "This is only reasonable policy" Prime Minister Arsenii Yatseniuk says that he fully supports the activities of the Finance Ministry headed by Natalie Jaresko. 33 683 62
“Putin list” released by US Treasury more than just warning for Russia, Ukraine’s finance minister says. DOCUMENT Oleksandr Danyliuk, Ukrainian finance minister, believes that the list of Russian politicians and tycoons close to President Vladimir Putin disclosed by the U.S. Department of Treasury late Monday is more than just a warning for Russia. 32 821 102 Previously in trend: Sanctions against Russia
Former owners of Privatbank did not reorganize bank's loan portfolio by July 1 as promised, - Finance Ministry. DOCUMENT (in Ukrainian) Former shareholders of nationalized Privatbank Ihor Kolomoiskyi and Hennadii Boholiubov have not restructured the bank's loan portfolio by July 1, as agreed previously. 30 806 145 Previously in trend: Nationalization of Privatbank
First Deputy Minister of Finance Umanskyi resigns The Cabinet of Ministers of Ukraine has accepted the resignation of First Deputy Minister of Finance of Ukraine Ihor Umanskyi. 30 669 80
Tax committee demands dismissal of Finance Minister Danyliuk Parliamentary Committee on tax and customs policy demands that Prime Minister Volodymyr Hroisman dismisses Finance Minister Oleksandr Danyliuk. 28 984 25
"I was given a choice to quit or become an accomplice," – Minister Danyliuk responds to PM’s motion on his dismissal Ukraine’s Finance Minister Oleksandr Danyliuk says he was required to allocate funds for projects run by the lawmakers elected under the majority system. 28 956 141
Ukraine will not receive another IMF tranche without pension reform, - Minister Danyliuk The finance minister of Ukraine stressed that the pension reform is required not only for the IMF tranche, but for Ukraine and it people at first place. 28 761 129
IMF to take time out in case of Ukraine’s Cabinet resignation, - Finance Minister Jaresko In the event of the Ukrainian government resignation, the IMF will take a break in financing the country and resume it only with the readiness of the new team of ministers to fulfill commitments made by their predecessors. 26 810 192 Previously in trend: Aid to Ukraine
"Military tax will be extended for one year, until there is war," - Deputy Finance Minister Makeieva Military tax imposed on personal income will be extended for one more year. 26 385 337
No deal in Ukraine debt negotiations, talks to resume Thursday, - Reuters Ukraine and a group of its largest creditors on Wednesday failed to reach a deal to restructure the country's $19 billion of debt but will resume negotiations on Thursday. 25 063 180
State budget-2017 bill made public on Rada website Text of the state budget bill of Ukraine for 2017 has been published on the Verkhovna Rada website. 24 900 41 Previously in trend: Budget 2017
Ukraine files defense to claim on 'Yanukovych's debt' with English High Court of Justice Ukraine has filed with the English High Court of Justice its defense to the claim brought against it in February 2016 by The Law Debenture Trust Corporation PLC today, Friday, 27 May 2016. 22 762 112
Debt restructuring is critical for financial stabilization. We need to talk to creditors face to face in near future, - Jaresko. VIDEO In order to implement its financial stabilization plan, Ukraine needs to restructure its debts. To fulfill this, urgent talks with creditors are required. 21 523 332
Minister Jaresko: IMF to continue support Ukraine even with Russia's loan unpaid Ukraine's Minister of Finance Natalie Jaresko is confident about IMF's further financial support despite Ukraine's refusal to settle its debt before Russia. 21 141 182
PM Hroisman asks parliament to dismiss Finance Minister Danyliuk Ukraine's Prime Minister Volodymyr Hroisman signed a motion to the Verkhovna Rada of Ukraine on Finance Minister Oleksandr Danyliuk's dismissal. 20 329 61
Minister Jaresko to introduce compromise tax reform A compromise variant by the Ministry of Finance won't please everyone, Jaresko warned. Raising excise duties is a sensitive issue, but Ukraine has got obligations before the EU. 20 155 102
Russia filed lawsuit against Ukraine over "Yanukovych's loan," - Russia's Finance Minister Siluanov Russia's Finance Ministry has filed a lawsuit against Ukraine to London's High Court of Justice over the non-payment of a $3 billion loan. 19 490 221
Ukraine does not have to return "Yanukovych's loan" to Russia, Finance Minister Danyliuk says Ukraine does not have to return the $3 billion loan to Russia, which had been obtained during fugitive president Yanukovych's tenure, prior to Euromaidan events. 19 452 59
Cabinet approves amendments to Tax Code The Cabinet of Ministers has approved a package of amendments to the Tax Code of Ukraine. 18 455 30
Ministry of Finance plans universal declaration following Baltic countries’ example: Ukrainians will agree on what tax authorities have calculated Income declaration in Ukraine can be an agreement on what the tax service has calculated. But for this to happen, it must be given access to bank accounts 18 353 87
“This is pure populism. We will have a little chance of seeing next IMF tranche,” - Abromavicius commented on foreign currency loans law Minister of Economic Development and Trade Aivaras Abromavicius believes that the law on restructuring of the foreign currency loans is populism. 17 884 142
Ukraine debt talks risk stalling as latest proposal unacceptable, - Bloomberg Progress between Ukraine and its creditors on a $19 billion restructuring may be losing momentum after the latest proposal from the government was said to be unacceptable to the nation’s bondholders. 16 670 118
Ukraine's Finance Minister announces state budget over-execution by almost 25 billion hryvnia Ukraine's budget revenue has exceeded the projected volume by 24.6 billion hryvnia (about $1.069 billion) over the last eight months of this year. 16 514 144
Ukrainian delegation arrives in Davos to take part in World Economic Forum, - Finance Ministry President of Ukraine Petro Poroshenko has made an official trip to Davos (Switzerland) in order to take part in the World Economic Forum. 16 506 47
Page 1 of 4
more top news
