The state is moving to a new economic policy – Made in Ukraine, that will bring ₴4B to the budget and 1% GDP growth.

President Zelenskyy announced the start of Ukraine’s new economic strategy, Made in Ukraine, which will become a platform for constant, direct dialogue between the state and entrepreneurs. He also announced that the government will develop a Ukrainian Cashback program, which will return a portion of money spent for purchasing goods and services produced in Ukraine, both for consumers and businesses.

Prime Minister Denys Shmyhal noted that the state offers five tools to help Ukrainian producers of goods and services. Among them are increasing localization for defense purchases, adaptation of existing state support projects, grants to Ukrainian manufacturers, and stimulation of consumer demand.

The overall effect of lobbying for domestic production will be +0.14% to GDP, more than 22,000 jobs, and more than ₴4B of additional revenues to the budget.

The Ministry of Economy added that implementing the Made in Ukraine program will add 1% to GDP growth in 2024.