MainNews -

Hetmantsev: State budget loses UAH 3bn per day due to air alerts

He added that there is a presidential instruction for the Ministry of Defence, the General Staff, and the government to find "a certain practical solution to the protracted alerts". 

Hetmantsev: State budget loses UAH 3bn per day due to air alerts
Danylo Hermantsev
Photo: odesa.novyny.live

In terms of taxes, budget losses from the suspension of economic activity due to air alerts amount to UAH 3 billion per day of forced downtime. This was stated by Danylo Hetmantsev, Chairman of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy.

According to him, if we assume that half of the economy stops during the alert, the losses for a net day of alert will conditionally amount to UAH 9 billion (in 2022, the figure was UAH 7 billion).

"If we take the minimum total duration of alarms at 2 days per month, the losses of the consolidated budget and the pension fund can reach UAH 6 billion per month. This is a significant amount. To understand the planned funding, let's look at the pre-school education: UAH 4.4 billion per month, secondary education - UAH 13 billion per month, and the medical guarantee programme - UAH 14 billion per month," Hetmantsev said.

He added that the President has instructed the Ministry of Defence, the General Staff, and the government to find "some practical solution to the long alerts," but "alerts is a matter of security and human lives, and only then - of losses."

"Minimising losses while protecting Ukrainians is the task that is currently being addressed," said the chairman of the Verkhovna Rada's Finance Committee. 

Read LB.ua news on social networks Facebook, Twitter and Telegram