Denys Shmyhal says Government plans to allocate UAH 42 billion in 2024 to boost economic activity and support businesses

In the budget for 2024, the Government offers to significantly expand programmes to stimulate economic activity, support entrepreneurship and create jobs. This was announced by Prime Minister Denys Shmyhal during a session of the Cabinet of Ministers on September 29.

According to him, the Government plans to allocate a total of UAH 42 billion for these purposes.

"We will definitely continue one of the most successful soft loan programmes, 5-7-9. We plan to issue more than 12,000 microgrants under the eRobota programme, which means we will help create 12,000 new businesses. Additionally, we plan to provide 1,300 grants to support veteran businesses," said Denys Shmyhal.

According to the Prime Minister, the state will support agrarians, machine builders, and the launch and scale-up of processing enterprises. In particular, UAH 3 billion is proposed to earmark as state support for large investment projects in Ukraine.

"This is crucial since it will help to create new jobs, increase taxes and improve the lives of communities," the Head of Government stressed.

In addition, the Government will continue to work with partners to insure war risks. Denys Shmyhal said that this week the World Bank had insured a private investor in Ukraine against war risks for the first time. He thanked the partners for their joint work on that project.