The Government of Ukraine has approved the draft State Budget Law for 2024

Economic recovery and sustainable growth are among the priorities for the next year.

In particular, the draft state budget for 2024 provides for the allocation of funds for

– state support for the implementation of investment projects with significant investments – UAH 3 bln
– stimulating the creation of industrial parks – UAH 1 bln
– support for business through the Entrepreneurship Development Fund (in particular, through the “Affordable Loans 5-7-9%” programme) – UAH 18 bln
– providing grants to businesses for the creation or development of processing enterprises, horticulture and greenhouse farming – UAH 1.4 bln
– state support for domestic demand for domestic goods and services to stimulate the development of Ukrainian producers – UAH 3 bln

“Our task for the next year is to accelerate the current pace of recovery and ensure sustainable growth. We will stimulate the attraction of investments in the reconstruction through public-private partnership mechanisms and support for investors at the state level, and expand the network of industrial parks,” commented Yulia Svyrydenko, First Deputy Prime Minister of Ukraine – Minister of Economy of Ukraine.

According to the draft state budget for 2024, GDP growth is projected at 5%.

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