Espreso. Global

IMF on additional funding for mobilization: we expect Ukraine to generate domestic revenues

29 December, 2023 Friday
13:18

Alfred Kammer, a representative of the International Monetary Fund, says that Ukraine will generate domestic revenues to increase funding for mobilization

He said this in an interview with the Voice of America.

The IMF representative emphasized that the Fund's support is focused on supporting the work of the state and its social obligations, not on the military sphere.

"I always emphasize very clearly that we expect domestic revenues to be generated. A stronger economy, structural reforms that support economic activity, better governance will generate additional tax revenues," Kammer said.

President Volodymyr Zelenskyy said that additional mobilization would require new funds, and that six taxpayers would be needed to finance one soldier. Kammer emphasized that donors focus their economic support on the social component of the budget and the functioning of the government.

"We support and monitor the budget as a whole, not individual expenditures, we and donors are helping the government of Ukraine to perform basic functions during the war, such as protecting vulnerable populations, paying salaries, pensions, paying for education, etc. This is exactly what the 122 billion funding program is aimed at," Kammer said.

According to him, if Ukraine needs additional budget expenditures due to the war, better governance and, in particular, the National Revenue Strategy, which was approved by the government on December 28 to meet the conditions of the IMF program, should help generate additional revenues. The strategy would allow "to get more revenues to the budget, to support the spending needs during this time," the Fund official said.

"For the private sector in Ukraine, we need to create an environment that will allow it to generate tax revenues and finance expenditures," Kammer said.

  • On Tuesday, December 19, Volodymyr Zelenskyy held a press conference on the results of 2023. The President shared information that the General Staff had asked to mobilize an additional 450,000-500,000 Ukrainians.

Tags:
Read also:
  • News
2024, Sunday
25 February
13:59
Exclusive
No combat in Robotyne center, says Zaporizhzhia Regional Council Deputy Lyshenko
13:30
Russia suffers substantial equipment losses in assaults, says Luhansk official
13:00
OPINION
Andriy Lyubka: We have all partly died in two years of war
12:30
Russia spreads disinformation about "Nazi alliance with Bandera supporters"
11:55
Russia loses 8 tanks, 29 artillery systems, and 810 soldiers in one day – Ukraine's General Staff
11:30
Russian forces destroy train station in Kostyantynivka, Donetsk region
10:59
Russia attempts to destroy Ukrainian air defense in South during night assault
2024, Saturday
24 February
22:28
Total Resistance: the launch of calendar dedicated to the heroic struggle of Ukrainians against Russia
21:19
All children evacuated from five settlements in Donetsk region
20:54
Russia shells Huliaipole, Zaporizhzhia region, killing elderly woman
20:27
EU plans to transfer almost 170,000 pieces of ammunition to Ukraine by end of March - FM Kuleba
20:01
Ukrainian army repels 28 Russian attacks in five directions - General Staff
19:36
Exclusive
Theory of Ukraine's success largely depends on US - American politician Fried
19:10
Executed in Olenivka Russian Captivity: The Story of a Boy from the Cherry City
18:44
Exclusive
Prospects of Ukraine's victory in war are very high - General Mussayev
18:16
All crew of downed Russian A-50 aircraft killed - media
17:50
Exclusive
Putin is forced into conditions where he cannot stop his aggression against Ukraine - General Mussayev
17:21
West's decision to ban Ukraine from striking at Russian territory is wrong - future commander of Estonian army
16:52
Exclusive
New US sanctions against Russia may affect Chinese companies - US politician Fried
16:24
Two years of Ukraine inspiring world: Western leaders on second anniversary of Russia's full-scale invasion
15:55
OPINION
Zelenskyy's interview with FOX: main points
15:28
UK intelligence estimates Russian losses over two years of full-scale war in Ukraine
15:00
Ukraine uses American chemical munitions against Russian army: Kremlin media spread another fake
14:32
Exclusive
Diplomat Chaly comments on preparations for 'congress' in Russian-occupied Transnistria
14:04
Review
Ukrainian counterattacks, liberation of territories in south, situation near Avdiivka: weekly military results by Serhiy Zgurets
13:35
Russia deploys dozens of Soviet T-62 tanks to Crimea - Atesh
13:07
ISW assesses risks of invasion of Ukraine from Transnistria
12:39
Exclusive
Aviation expert names complex used by Ukraine to destroy Russian A-50 aircraft
12:11
Ukrainian army destroys 770 Russian soldiers, 36 artillery systems, aircraft - General Staff
11:42
Ukraine intercepts conversation confirming downing of Russian A-50U aircraft
11:15
Ukraine's Air Force destroys 12 Shahed drones, 2 missiles overnight
10:49
Russian Su-34 firing missiles at Ukraine shot down in Kherson region - media
10:24
Updated
Ukraine’s forces target another Russian A-50 radar aircraft
2024, Friday
23 February
21:40
Review
Victorious news of 730th day of war: destroyed Russian Tor-M2 and Strela-10, €1.8bn in military support from Denmark
21:20
Ukrainian army repels 18 Russian attacks in 5 directions - General Staff
21:00
DPRK supplies Russia with 1.5 million ammo produced in 1970s-1980s - Ukrainian intelligence
20:45
Canada announces additional sanctions against Russia
20:15
Russian army destroys almost 500 tons of grain overnight in Donetsk region
19:50
Ukrainian officials arrive at Poland's border, but do not meet with Polish counterparts
19:30
Updated
Russia’s missiles, attack drones kill at least four in Ukraine
More news