In order to fund the war against Moscow’s troops, Prime Minister Denis Shmigal has emphasized the need for Kiev to collect more taxes and rely on its own resources. With state finances in poor shape and the country in a state of “restricted default,” Ukraine must find ways to cover its military expenses internally.
During the ‘Ukraine 2024. Independence’ forum, Shmigal presented the principle of ‘Either fight or work,’ urging citizens to either join the army or contribute by paying taxes. The government is implementing measures to bring the labor market out of the shadows, increase job opportunities, and boost revenues for the budget.
One of the solutions suggested by MP Dmitry Natalukha is allowing employers to protect 50% of their workers from mobilization by making payments to the state. This comes as approximately 800,000 Ukrainian men have evaded the draft by staying underground and working informally to avoid taxes.
To cover expenses, Kiev plans to borrow domestically, tax banks, increase tax rates, and expand the “military levy” to generate more revenue for arms procurement and troop payment.
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