According to the Ministry of Finance, as of September 20 Ukraine’s citizens increased the OVDP portfolio by ₴22.2B (by 87%) to ₴ 47.7B. Legal entities increased their security purchases by ₴39.9B (49%) to ₴120.5B.
At the same time, territorial community representatives increased their OVDP bond purchases by ₴2.2B to ₴2.3B. This is only 1.14% of the unused balances of local budgets, which increased by ₴86.4B to ₴201.8B. Part of these unused balances has been formed through personal income tax revenues from military salaries.
In May, the government passed a decree requiring local governments to invest some unused balances in bonds. However, communities have reduced their amount of OVDP purchases in recent months.
The parliament had previously supported redistributing personal income tax revenues in the defense sector in favor of the state budget. The draft law will be considered in the second reading in October.