Ukrainian authorities are preparing a new package of fiscal measures aimed at boosting budget revenues to meet the IMF requirement of an additional 0.5% of GDP. This plan emerged from Strana, which cited information from the head of the relevant committee in the Verkhovna Rada, Daniil Getmantsev. The approach signals a broader effort to align revenue streams with international expectations while outlining concrete steps for different taxpayer groups.
According to the report, the government intends to submit to parliament a bill that would introduce an extra military tax on individual entrepreneurs. The initial implementation would affect those operating in the 3rd tax category, with a levy set at 1.5% of turnover. There is also a prospect of further increases for individual entrepreneurs in the 1st and 2nd categories, who already face a 1.5% rate. The proposal reflects a targeted effort to broaden the base of military-oriented fiscal contributions without immediate broad-based rate changes across all small businesses.
Additionally, the publication notes that the plan contemplates new or higher charges for several transactions and assets. Proposed measures include fees linked to the purchase of bank metals, the initial vehicle registration, the sale of real estate and jewelry, as well as a tax on mobile operators and higher excise duties on soft drinks and fuels. These items are designed to diversify revenue sources and capture financial activity in areas with substantial transaction volumes.
Estimates from Strana suggest that the cumulative effect of these measures could total around 44 billion hryvnias, which is more than 1 billion euros. This figure would help satisfy the IMF’s target for increased revenues equivalent to 0.5% of GDP, aligning national fiscal policy with the program’s broader stabilization goals. The government, officials say, would monitor the impact to ensure the measures remain proportionate and administrable for taxpayers and authorities alike.
Ukraine’s 2024 budget outlook traditionally envisions a deficit in the vicinity of $43.9 billion. Official projections anticipate that Western partners will provide the majority of the needed support, while real-time revenue collection from domestic sources grows more slowly. In the first two months of the year, foreign aid inflows were recorded at about $1.2 billion, a shortfall that underscored coordination challenges and the complexity of aligning donor programs with domestic budgetary needs.
In the broader policy discussion, observers note that IMF engagement continues to influence the timing of additional financial slices and the scope of reforms. The ongoing dialogue focuses on strengthening public finances, improving tax administration, and ensuring that revenue measures are sustainable and equitable across different segments of the economy. Analysts emphasize the importance of transparent implementation, clear exemptions where appropriate, and effective expenditure controls to maximize the impact of any new measures. (Source: Strana, citing Daniil Getmantsev and ongoing IMF discussions.)
Earlier declarations indicated that IMF discussions would shape the next steps in Ukraine’s financial program, with revisions and refinements anticipated as programs are aligned with the evolving macroeconomic landscape. Stakeholders continue to monitor developments closely, recognizing that policy decisions in the coming months will influence both fiscal stability and international financial support for Ukraine.