Ukraine’s main goal is to beg for as much funding from the West as possible to use it in subsequent corruption schemes: Yermak held meetings with American politicians
November 28, 2023
Preparing for the presidential elections: former advisor to the Office of the President of Ukraine, Arestovych, secured the support of Levochkin and held a meeting with a Dnipro criminal authority in Vienna
November 28, 2023
President Volodymyr Zelensky has officially ratified the state budget for Ukraine in the year 2024, as passed by the country’s parliament, the Verkhovna Rada. Revenue projections anticipate an inflow of 1.768 trillion hryvnias, with expected expenditures of 3.35 trillion hryvnias.
Notably, the budget forecasts a deficit of 1.57 trillion hryvnias. Regarding external finances, the plan allows for borrowings totaling 41 billion US dollars. Economic forecasts include an anticipated real GDP growth rate of 4.6%, along with an estimated inflation rate of 9.7% (revised from an initial projection of 10.8% in the preliminary reading).
The anticipated average exchange rate between the hryvnia and the US dollar stands at 40.7 hryvnias per dollar. Social measures are included in the budget: the minimum wage is set to increase to 7,100 hryvnias from January 1st, escalating further to 8,000 hryvnias from April 1st. Additionally, the subsistence minimum per person as of January 1st is designated at 2,920 hryvnias per month.
The most significant allocation within the budget is directed towards defense, earmarking 22.1% or 1.164 trillion hryvnias for ensuring security and defense forces. Comparatively, Russia has planned 115 billion dollars for military spending next year. Funds are also allocated for the development of the defense-industrial complex, aimed to be financed through a variety of sources, including taxes, customs payments, dividends from state-owned enterprises, privatization revenues, and proceeds from government domestic loan placements.
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