- V. Zelensky revealed new economic policy
- The importance of building trust
- The annual indexation of pension payments will take place in March 2025
V. Zelensky revealed new economic policy
The key directions of Ukraine’s new economic policy include support for domestic entrepreneurship, business security, and honest relations between the state and businesses.
A Ukrinform correspondent reports that Ukrainian President Volodymyr Zelensky made the relevant statement when presenting the Internal Resilience Plan in the Verkhovna Rada of Ukraine.
According to Zelensky, the new economic policy should be based on three key principles, such as maximum support for Ukrainian entrepreneurship, business security, and honest relations between the state and businesses.
“Everything that can be produced in Ukraine should be produced in Ukraine. Concerning partners, purchases should be made primarily from Ukrainian producers,” Zelensky stressed.
Among the necessary steps, the President of Ukraine mentioned expanding access for domestic producers to the public procurement market, introducing effective war risk insurance, consistently regulating the protection of freedom of entrepreneurship, and gradually reducing the state's share of GDP redistribution.
“Without a strong economy, there will be no preservation of human capital and provision of Ukraine’s defense needs. And there will be no strong economy without respect for entrepreneurship and entrepreneurs,” Zelensky emphasized.
The importance of building trust
The Head of State also stressed the importance of de-shadowing the economy and legal employment, noting that this should be achieved not through forceful measures but appropriate incentives and building trust between businesses and the state.
“The taxes paid are the salaries of warriors. It is with internal resources that we provide our defense and security forces of Ukraine,” Zelensky added.
In his words, another aspect of Ukraine’s economic strength is the state's ability to fulfill its obligations, primarily social ones, through taxes and duties.
As noted by the Head of State, the provision of Ukraine’s Defense and Security Forces entirely depends on domestic resources. Despite the difficulties with financing, the warriors are 100% guaranteed for 2024 and 2025.
“Even though now, amid the war, for objective reasons, we are not providing ourselves with 100% of the necessary funding, we could still guarantee full financial support for this and the next year. There are no risks for Ukraine’s Defense and Security Forces in terms of funding,” Zelensky noted.
The annual indexation of pension payments will take place in March 2025
All salaries and pensions will be paid in accordance with Ukrainian legislation by the end of this year and next year.
“We have money for this,” the President of Ukraine said.
Zelensky also spoke about certain government programs to support domestic producers and consumers, such as the Winter Support package, Available Loans at 5-7-9%, National Cashback, Made in Ukraine, eOselia [eHousing], etc.
“If we implement our economic strategy to strengthen economic freedom in Ukraine, Ukrainians will be more prosperous. All this will be reflected in the 'Money' section of our Resilience Plan,” Zelensky concluded.
This is a reminder that on November 7, 2024, Ukrainian President Volodymyr Zelensky announced that the economic element would play a key role in the Internal Resilience Plan.
Based on UKRINFORM reports
