Page 31 - UKRRptJul22

A national poll by Gradus Research indicates that in the last month the unemployment rate has decreased from 41% to 35%, whilst 36% of residents have a job and are working, up from 24% in March. In western regions, the employment rate is 70% and in central regions it is 58%.
The World Bank recently recalculated Ukraine’s inflation at 20% by the end of 2022, a revision from its previous forecast of 15% in April.
The NBU put through a massive 15% rate hike to 25% on June 2 to head off inflation in Ukraine and stabilise the exchange rate.
State budget revenue shows an 11% surplus in the first quarter. In the first quarter of 2022, Ukraine's state budget revenue needs were exceeded by 11% due to the early payment of dividends. However, moving forward, the solvency of the country's budget will depend on the support of international financial organizations and partner countries, said the chairman of the Accounting Chamber, Valery Patskan. According to him, the state budget’s general fund exceeded the resources needed for operating costs by UAH 28.6B, or 11%. This was achieved through the early transfer of UAH 32.5B in dividends from public sector entities and state-owned banks and UAH 18.8B from the NBU. In the first quarter, the state budget received UAH 3.6B in grants from the EU, foreign governments, international organizations, and donors. However, these sources of revenue amounted to only 0.8% of total revenue. In an attempt to lower costs,, the Cabinet of Ministers decided in March to reduce expenditures and lending for 2022.
The state budget receives 30% of customs and 70% of tax revenues.
Today, the state budget receives 30% of customs and 70% of pre-war tax revenues, said Finance Minister Serhiy Marchenko for EBA. He noted that Ukraine's state budget is currently adjusted to martial law conditions and reduced to protected expenditures. Now, expenditures are relatively stable - primarily in security and defense, social protection, education, and medicine. Marchenko added that the state's expenses are covered by revenues from taxes and by payments from international partners, which are directed to social and humanitarian needs, and military bonds.
The total budget of the rapid recovery fund is more than $17B. The Office of President Zelenskyy developed a Fast Recovery plan for the quick recovery of the social infrastructure of Ukraine and presented it in Lugano, Switzerland. According to President’s office, the goal is to implement all the best global practices and technological solutions to quickly rebuild Ukrainian cities and towns while adhering to modern standards. "The most important mission is to provide housing, hospitals, kindergartens, and schools to the people affected by the war. Fast Recovery is a project to restore critically important damaged infrastructure with a total budget of $17.4B," said deputy head of the President’s Office Kyrylo Tymoshenko. According to recent data, almost 40,000 objects need to be restored in the de-occupied territories. Among these are restoring approximately 400 schools, 300 kindergartens, 300 hospitals, and housing and communal services facilities as necessary.
6.1.2 Budget dynamics - specific issues...
The government has resumed the taxation of imports and cars cleared
31 UKRAINE Country Report XXXX 2018 www.intellinews.com