The Government has approved the draft Law on the State Budget of Ukraine for 2024. Restoring the economy and ensuring sustainable growth is one of the priorities for next year. This was noted by Yuliia Svyrydenko, First Deputy Prime Minister - Minister of Economy of Ukraine.

“Ukraine’s economy demonstrated extraordinary resilience and adaptability in the war and after a serious decline last year, it has already begun to recover this year. Our task for the next year is to accelerate the current pace of recovery and ensure sustainable growth. Next year, we are strengthening programs to support domestic business, which is the driver of recovery. And we are providing for more than UAH 30 billion for their implementation in the 2024 budget. We stimulate the attraction of investments in reconstruction through mechanisms of public-private partnership and support of investors at the state level. We will expand the network of industrial parks, we will continue to focus on the priority demining of agricultural lands in order to restore their use by farmers as soon as possible,” Yuliia Svyrydenko said.

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

• business support through the Entrepreneurship Development Fund (in particular, through the Affordable Loans 5-7-9% program) - UAH 18 billion;
• providing grants to business for the creation or development of processing enterprises, horticulture and greenhouse farming - UAH 1.4 billion;
• state support for domestic demand for domestic goods and services to stimulate the development of Ukrainian manufacturers - UAH 3 billion;
• state support for the implementation of investment projects with significant investments - UAH 3 billion;
• stimulating the creation of industrial parks - UAH 1 billion;
• humanitarian demining of agricultural lands - UAH 2 billion.

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