The Cabinet of Ministers of Ukraine has already appealed to the President to sign as soon as possible to sign draft laws on the state budget for 2025 and amendments to the Tax Code. According to Prime Minister Denis Shmigal's statement, these laws will come into force on December 1, 2024, which is an important step in stabilizing the financial situation in the country.
One of the main aspects of changes is to increase taxes, which will be the main source of additional revenues to the budget. The tax raising law is part of a broader government fiscal policy aimed at meeting state needs, in particular for defense.
The Prime Minister stressed that the adoption of these laws is one of the key requirements of Ukraine's international creditors. According to him, the draft laws will allow Ukraine to obtain the necessary resource to finance the costs of defense and security of the country, as well as to meet the social needs of citizens.
In particular, additional funds will be used for the purchase of weapons and ammunition, as well as for the payment of salaries to military and security workers. This should be an important step to ensure safety and stability in the continuation of the war.
The Cabinet of Ministers expects that the President will sign the draft laws in the coming days, which will allow the process of coming into force on December 1. This will allow the government to fulfill the obligations to finance the necessary budget items, which is critical for the effective work of the defense and security sphere.
The adoption of these laws is part of the Government's general strategy to strengthen the country's economy and ensure its independence at a difficult time for Ukraine. Increasing taxes is also an important element in solving financial problems that arose from the continuation of the war.
