Ukraine lacks ₴500B to finance planned expenditures this year, although the financial sector has increased tax payments by 170%.

According to the head of the Budget Committee, Roksolana Pidlasa, to finance the necessary expenses, the state budget for 2024 lacks about ₴400-500B ($10-12B). The question of funding the state budget of Ukraine for 2025 and the possibility of attracting $50B from Russian assets remains open.

“Ukraine should have permission to buy weapons with this money, and part of this money should be directed to the budget,” Pidlasa added.

According to the Tax Service, companies in financial and insurance activities increased the payment of taxes, fees, and payments to the consolidated budget of Ukraine by ₴73B in January-June, which is 170% more than in the same period last year. The segment of wholesale and retail trade and repair of cars and motorcycles increased contributions by 23.4% (+₴24.7B), processing industry – by 18.4% (+₴20B). The largest tax payments came from wholesale and retail trade enterprises – 15.3% of all revenues.