NBU considers raising taxes to support recovery and social assistance costs

Increasing taxes for recovery and social protection

According to the National Bank of Ukraine (NBU), implementing measures to mobilize additional tax revenues amounting to 2.5% of GDP could be crucial for supporting recovery and social protection spending. This move could have a significant impact on the country’s economy.

Revitalizing Eurointegration for economic growth

Revitalizing Eurointegration could also play a key role in increasing the country’s investment attractiveness. This could lead to improvements in business and consumer sentiment, ultimately accelerating the recovery of investment demand and private consumption.

Future outlook for investment activity

In the near future, it is projected that investment activity in Ukraine will remain limited. It is expected to be primarily driven by spending on infrastructure reconstruction and increasing production capacities in the military-industrial complex.