17:37 - 5.05.2025

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May 5, Fineko/abc.az. The International Monetary Fund (IMF) has recommended that the Ukrainian authorities raise taxes to replenish the budget in 2026.

ABC.AZ reports that the Ukrainian delegation returned from the U.S. with a corresponding recommendation. One of the key topics was to increase Ukraine's self-sufficiency in financing the State Budget for 2026.

"Among the key proposals are an increase in the VAT rate, the introduction of a progressive scale of personal income tax and increased de–shadowing of the economy," the article says.

At the end of April, it was reported that Kiev had failed to reach an agreement with investors on debt restructuring in the amount of $2.6 billion. Further failures in this matter may lead to the fact that the Ukrainian authorities will declare a default.

Earlier, the IMF said it expects the growth of the Ukrainian economy to slow down to 2% in 2025, compared with 3.5% in 2024. According to analysts, inflation will also rise significantly in Ukraine and the unemployment rate will remain high.