The IMF has urged Ukraine to raise taxes next year

The International Monetary Fund (IMF) has called on Ukraine to increase taxes starting in 2025.

This was stated in the Fund’s press release.

“Tax revenues should increase in 2025 and beyond to create room for critical spending, maintain necessary buffers, and restore fiscal sustainability. Achieving this will require the implementation of permanent tax policy measures and relentless efforts to close existing opportunities for tax evasion, improve compliance, and combat the shadow economy in line with the National Revenue Strategy (NRS),” the IMF’s statement reads.

It should be noted that earlier, the Verkhovna Rada stated that Ukraine has the largest budget deficit in the world due to the war. The country’s expenses are twice as high as its revenues.