As Minister of Finance Serhiy Marchenko said, two fundamental ways to reduce this dependence in Ukraine are increasing economic output and winning the war.
“But increasing the domestic market volume and, accordingly, the growth of the base from which taxes are collected is a long-term issue. It cannot be solved instantly,” he said.
Victory in the war also does not eliminate Ukraine’s financial dependence on external sources. “We will immediately have other needs – many military veterans and other unsolved problems. So, it will not be possible to radically reduce dependence on external support a year after the end of hostilities. This is a question of a five-year or even a ten-year program”, Marchenko said.
The minister noted that temporary measures regarding the taxation of excessive bank profits are currently being considered. But this is a temporary measure.