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Fighting VAT fraud – one of the achievements of the Ministry of Finance in 2023

  • Ministry of Finance presented its results and achievements for 2023, including improvements in combating VAT fraud
  • The state budget for 2023 funded all priority expenditures on time and in full
  • Revenues of the state budget for 2023 increased by 49.5% compared to 2022, reaching 2,672.0 billion UAH
  • Expenditures of the state budget for 2023 increased by 48.4% compared to 2022, reaching 4,014.4 billion UAH
  • Significant resources were allocated for security and defense, amounting to 2,648.8 billion UAH or 41% of the expected GDP
  • Social support measures included financial assistance to millions of recipients, housing subsidies, pension payments, and compensation for war veterans
  • International cooperation efforts resulted in significant external financing and successful implementation of programs with the IMF and the EU
  • Reforms aimed at strengthening fiscal and financial stability were implemented, focusing on revenue mobilization and avoiding monetary financing
  • Ukraine joined the Council of Europe Development Bank, expanding cooperation in social projects and support for vulnerable populations
  • The volume of credit portfolios with international financial organizations in 2023 reached a record high
  • Changes were made to the Memorandum with the group of official creditors regarding the suspension of debt payments until the end of March.

Source: news.dtkt.ua

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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