We are handing over a country with preserved financial stability, a sufficient resource base and 100% compliance with all obligations: Denys Shmyhal
Now, the Unified Treasury Account stands at UAH 340 billion, while Ukraine's gold and foreign exchange reserves are at a record high of over USD 45 billion. This was announced by Prime Minister Denys Shmyhal in his address to the Verkhovna Rada, summing up the five-year work of the Cabinet of Ministers under his chairmanship.
“We are handing over a country with the preserved financial stability, a sufficient resource base and 100% compliance with all obligations,” stressed Denys Shmyhal.
The Prime Minister added the Government had no social payment arrears.
“We have never had any. Social payments, pensions, and subsidies have always been delivered on time. And even in the first months of the full-scale invasion, we paid pensions in advance to support people,” he accentuated.
Denys Shmyhal reminded there had been carried out six pension indexations, created new social services and launched comprehensive support programmes for families, children, internally displaced persons and veterans.
Security and defence are currently 100% funded. All state budget revenues from taxes are directed to defence.
“Every hryvnia of domestic resources was allocated for defence needs and the army was provided with everything it needed. We have created a modern defence industry. Ukraine's defence industry grew 35 times during the full-scale invasion,” Denys Shmyhal noted.
Moreover, according to him, as of July 15, the state has transferred over UAH 113 billion to local budgets. At that, inflation in the country is currently under control with a downward trend - 14.3% in June.
Denys Shmyhal told that the Government team had agreements to raise USD 39 billion from partners to cover the budget deficit I the current year.
“We maintained macro-financial stability. In the first days of the invasion, we consolidated the international financial coalition, thanks to which we have attracted more than USD 137 billion in budget support over the years,” he highlighted. The Head of Government added that Ukraine achieved that the frozen assets of the aggressor were already working for Ukraine.
Denys Shmyhal summed up that the Government had gone through three heating seasons under constant enemy shelling but much of what had been damaged and destroyed was rebuilt.
Besides, the Prime Minister emphasized that our country had joined the EU energy community and synchronised the power system with the European network and, thus, had finally got rid of its dependence on russian energy resources.
Apart from that, Denys Shmyhal emphasized that owing to significant work Ukraine had a clear route and a realistic prospect of becoming a member of the European Union in the near future.
the “We have already fulfilled more than 80% of our obligations under the Association Agreement, adopted hundreds of European integration acts, and received seven so-called ‘visa-free regimes’,” noted the Head of Government.
Among progress made by the Cabinet of Ministers, Denys Shmyhal called the fact that Ukraine had become a digital state.
“Diia is a manifestation of a new philosophy of relations between the state and the citizen. We have digitised the following services: eMaliatko, eOselia, ePidtrymka, eVidnovlennia, eEntrepreneur and many others. We started digitalising the army - Reserve+, Army+, Veteran PRO,” he emphasized.
Business support was also significant. According to the Prime Minister, Ukraine launched a business credit support programme 5-7-9, under which there have been issued concessional loans worth over UAH 413 billion. The Government's eRobota programme of non-refundable grants has helped to create almost 30,000 new businesses. More than 2,000 regulatory acts in various areas have been cancelled.
“Our team came to the Cabinet of Ministers with one mission - to serve Ukraine and the Ukrainian people. We have been doing our best for that. We have been working steadily, methodically, without days off and holidays. We believe in Ukraine and will always serve the Ukrainian people,” pledged Denys Shmyhal.