The Cabinet of Ministers will direct almost 90% of all taxes and fees paid by citizens and businesses next year to the Army and security needs. The budget deficit is planned to be closed thanks to the support of international partners. Prime Minister Denys Shmyhal announced this on Facebook, summarizing the Government’s work for the…
Chairman of the Verkhovna Rada of Ukraine, Ruslan Stefanchuk, said that the parliament adopted the wartime state budget, in which the lion’s share of expenditures was allocated for defense. “We are aware that this is a great responsibility, which is primarily related to war. And the budget that’s been adopted is a wartime budget. But…
During the drafting of the state budget for 2023, a moderately conservative macroeconomic forecast scenario was applied by the Government team. It anticipates a GDP growth by 3.2%, inflation at 28% and the average annual dollar exchange rate at about UAH 42, Prime Minister Denys Shmyhal said during the Government’s session on November 4. “I…
The Verkhovna Rada of Ukraine has approved at second reading and in its entirety the law “On the State Budget of Ukraine for 2023”. A total of 295 MPs voted for the relevant document, the Telegram channel of MP Yaroslav Zhelezniak says. In 2023, state budget revenues are projected at UAH 1.3 trillion and expenditures…
Poland’s Gross Domestic Product (GDP) increased by 8.6% YoY in the first quarter and by 5.8 % in the second quarter, the Central Statistical Office (GUS) said on November 3. GUS adjusted the figures upwards from the previous estimates of 8.5% in Q1 and 5.5% in Q2. (The First News/Business World Magazine)
Poland’s seasonally adjusted unemployment rate remained unchanged from the previous month at 2.6% in September, Eurostat, the EU’s statistical office, reported on November 3. The number of unemployed edged up to 448,000 in September from 444,000 in August, Eurostat also said. According to Eurostat, the unemployment rate in the eurozone countries, according to seasonally adjusted…
The United States Agency for International Development is launching a five-year programme designed to create jobs and improve livelihoods of people living in over 90 communities along the administrative line separating the Russia-occupied regions from the rest of the country. The organisation said the $24-million initiative would aim to help residents in realising “their full…