Ukraine’s Economic Strategy for 2024: Plans for Innovation and Economic Growth

Innovation in action

In the short term, in the first months of 2024, the Cabinet of Ministers has an alternative plan of action if funding from foreign partners is delayed, and in the long term there is a risk of delayed payments to social categories.

About it reported on Facebook, First Deputy Prime Minister – Minister of Economy of Ukraine Yulia Sviridenko.

She assured that Ukraine has a plan B in case of delays in receiving funds from foreign partners.

“Now, together with our partners, we are working on several options for the development of events in case there are delays in funding from the EU and the US. But we are convinced that they will not be needed. We see clear signals from our partners that there will be funding,” Sviridenko wrote.

“In the short term in the first months of the year, the government has an alternative plan for what to do if funding is delayed. At the same time, in the long term there is a risk of delayed payments to social categories, because the priority will be to support security and defense.

But I repeat once again that it may not come to this point and this is just one of dozens of options that we are analyzing,” she explained.

According to her, in 2024 the Cabinet of Ministers plans to add incentives for economic development and rapid growth, in particular:

• production development;
• support for non-resource exports;
• attracting investment in the real sector.

According to Sviridenko, among the priority steps:

• confiscation of Russian sovereign assets for transfer to Ukraine;
• expansion of exports and transport links. In the future, this will amount to more than $10 billion in export earnings, she explained.
• expansion of energy capacity;
• return of Ukrainians;
• development of enterprises of the military-industrial complex;
• attracting investments into the Ukrainian economy through attracting financing, insurance of war risks, privatization.

Let us remind you:

The day before, Sviridenko said that in Ukraine there could be a delay in the payment of salaries and pensions for almost 12 million people if the West does not provide financial assistance in early 2024.

Economic truth

2023-12-27 15:50:13


#risk #delayed #social #payments #long #term #Sviridenko