Many are inquiring about the connection between what is happening in international politics and our finances. Unfortunately, the connection is direct. TSN reports. This information is provided by Kontrakty.UA.
This was stated by Danilo Hetmantsev, a member of the Verkhovna Rada from the "Servant of the People" faction and head of the parliamentary committee on finance, tax, and customs policy, in Telegram.
Hetmantsev noted that we are currently experiencing the highest level of turbulence since March 2022. Support for Ukraine, particularly financial support from our strategic partner, is not guaranteed. This also affects the EU, where certain unpleasant political discussions for us are beginning.
"This means that despite relative financial stability this year, uncertainty is increasing for 2026 and beyond, primarily as the ERA instrument (50 billion dollars from profits from frozen Russian bank assets) is depleted. And yes, this means that while we are undoubtedly grateful for any assistance, we are counting on such help during negotiations for EU membership and post-war reconstruction, but it is also correct that we must critically review and consolidate all available internal financial sources and resources," he wrote.
What does this mean for financial policy?
Danilo Hetmantsev also explained what this means for financial policy: "It's simple: count every penny."
- "For the state – ultimately, strictly eliminate shadow activities and corruption. Cleanse the government of thieves. They are enemies, worse than the Russians. Start evaluating the work of fiscal authorities and law enforcement based on the actual reduction of the shadow economy, based on revenue numbers, not the number of criminal cases initiated. Remove any form of facade. From the tax authority alone, we should, without exerting much effort, achieve an additional 4 billion dollars from de-shadowing by 2025, and if we push harder – much more. And implement military censorship of expenditures. We cannot allow senseless spending on experiments by certain ministers, like the failed cashback initiative, which yielded a "growth" in GDP that is less than the statistical error. We should stretch the guaranteed preferential funding of 50 billion dollars over three years, not just one year. Total de-shadowing and savings are what we need right now.
- For society – ultimately mature and stop tolerating tax evasion, and engage in absurd discussions about harming business due to an additional 3.5% tax. Anyone who steals taxes in any form is an enemy. Just like a thief in power. The assessment should be unequivocal from everyone who considers themselves Ukrainian. In March 2022, we all understood this the same way," the post states.
The MP emphasized that the situation today is no less complex and dangerous.