State budget to receive additional UAH 5.2B from agricultural sector next year – minister

State budget to receive additional UAH 5.2B from agricultural sector next year – minister

Ukrinform
The state budget will receive an additional UAH 5.2 billion from the agricultural sector in 2025.

The statement was made by Minister of Agrarian Policy and Food Vitalii Koval, Ukrinform reports citing the Ministry’s press service.

It is noted that such calculations were carried out by the Ministry after changing the criteria for determining enterprises, institutions and organizations that are critical to the functioning of the economy and ensuring the livelihoods of the population during a special period, as well as taking into account the increase in the military tax rate.

“I would like to thank the responsible agribusinesses that understand their key role in filling the budget of the country at war. Your patriotic stance and understanding bring victory closer,” Koval said.

Read also: Agricultural trade turnover between Ukraine and South Korea reaches $200M a year

In particular, the minister recalled that the Law of Ukraine No.4015-IX dated October 10, 2024 “On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine on Ensuring the Balance of Budget Revenues during the Period of Martial Law” increased the military tax rate from 1.5% to 5.0%.

In addition, Resolution No. 1332 of the Cabinet of Ministers of Ukraine dated 22 November 2024 provides for an increase in the accrued average salary of an employee eligible for a reservation to 2.5 minimum wages (currently UAH 20,000). According to the Ministry of Agrarian Policy and Food, such enterprises will generate additional revenues of about UAH 1 billion.

As reported, the law on the state budget of Ukraine for 2025 adopted by the Verkhovna Rada provides more than UAH 6 billion to support the agricultural sector.

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and the website of a foreign media outlet. Materials marked as "Advertisement" or with a disclaimer reading "The material has been posted in accordance with Part 3 of Article 9 of the Law of Ukraine "On Advertising" No. 270/96-VR of July 3, 1996 and the Law of Ukraine "On the Media" No. 2849-Х of March 31, 2023 and on the basis of an agreement/invoice.

© 2015-2024 Ukrinform. All rights reserved.

Extended searchHide extended search
By period:
-