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Ukraine's agricultural sector will provide the budget with an additional UAH 5.2 billion in 2025

Published Dec 13, 2024

Tridge summary

The Ukrainian agricultural sector is projected to contribute an additional UAH 5.2 billion to the state budget by 2025, as per the country's Minister of Agrarian Policy and Food, Vitaly Koval. This estimate is based on changes in criteria for critical economy enterprises and the increase of the military levy rate from 1.5% to 5%. Additionally, the average salary for employment reservations will rise to 2.5 times the minimum wage, leading to an additional revenue of about 1 billion hryvnias from these enterprises.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The agricultural sector in 2025 will provide additional revenue to the state budget of Ukraine of about UAH 5.2 billion. This was stated by the Minister of Agrarian Policy and Food of Ukraine Vitaly Koval, the press service of the Ministry of Agrarian Policy reported. “Such calculations were carried out by the ministry after changing the criteria for determining enterprises, institutions and organizations that are critically important for 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 levy rate,” he noted. As V. Koval reminded, the Law of Ukraine dated October 10, 2024 No. 4015-IX “On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine Regarding Ensuring Balanced Budget Revenues During the Period of Martial Law” increased the military levy rate from 1.5% to 5%. Also, the Resolution of the Cabinet of Ministers of Ukraine ...

Source: Agravery