The state program of preferential business lending positively affects the economy but needs improvement.

As of January 1, 2024, the state’s debt to banks under the 5-7-9% Available Loans program amounted to ₴7.1B, and barring changes, by the end of 2024 this figure may reach ₴11.5B, according to the Accounting Chamber.

It is reported that ₴34.7B was used to implement the program, including ₴30.9B under martial law (February 2022 – May 2024). Enterprises in agriculture, forestry, fisheries, and the trade and processing industries received the largest amounts of loans. The priorities for loans are anti-crisis and anti-war initiatives, investment goals, and refinancing.

The auditors note that the demand for state support was high, and in general the program’s operation “had a positive economic effect” – total revenues to the state and local budgets from business entities increased by almost 13%, banks expanded their loan portfolios by more than 100% – up to ₴129B. From February 2022 to the beginning of June 2024, banks concluded 54,676 credit agreements totaling ₴218.6B within the program’s framework.