Automatically translated version. May contain inaccuracies compared to the original.
About 70 billion UAH in tax revenues may fail to reach the state budget because of Russia’s strikes on business. This is an assessment as of the beginning of September, and the figure could rise as attacks continue daily.
This was reported by Dilo, citing a statement by Prime Minister Serhii Koretzkyi.
To support business, the government conducted a full audit of premises of the State Property Fund, state enterprises, and ministries and proposed that companies use these warehouse and production spaces.
Also, together with retailers and logistics companies, decentralization of logistics is being prepared, modeled on the energy sector, and negotiations with neighboring countries on a flexible and quick border-crossing system continue.
Insurance against military risks
The government plans to earmark a separate line in the budget preliminarily for 1 billion dollars for military risk insurance and expects international partners to multiply this amount.
The goal of this initiative is to create a reserve that would cover 40–50% of losses from attacks. The main conditions are a maximally simplified procedure and a rapid response.
As a reminder, the government plans to raise taxes to compensate businesses for losses from attacks by the Russian Federation. The Ministry of Economy and Environmental Protection proposes creating a special insurance fund to compensate for lost assets at $2–3 billion, and one of the funding sources being considered is an increase in the base VAT rate from 20% to 21%.
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