In 2024, the ‘Made in Ukraine’ program contributed to a 0.6% increase in the country’s gross domestic product, which became an important component of the overall GDP growth of 2.9%. This was reported by the Minister of Economy of Ukraine, Yulia Svyrydenko, during a conference dedicated to the implementation of additional sanctions against the Russian Federation.
This is reported by Finway
Main Goals of the ‘Made in Ukraine’ Program
According to Yulia Svyrydenko, the key goal of the program is to transform the structure of the economy and increase the share of the manufacturing industry in GDP. Currently, this indicator in Ukraine stands at 10.3%, which is half of that in neighboring countries. The ‘Made in Ukraine’ program has identified three main directions: the development of non-raw material exports, attracting investments into the real sector of the economy, and stimulating Ukrainian production through access to credit resources and grants.
“The global goal of the program is to change the structure of the economy and increase the share of the manufacturing industry in the GDP structure. Currently, this indicator in Ukraine is 10.3%, which is twice as low as that of its closest neighbors.”
Yulia Svyrydenko emphasized that over the next two years, it is planned to allocate no less than 180 billion UAH to support and implement the initiatives outlined in the program.
Increase in Budget Revenues from Business
During the event ‘Forum of Power and Business: From Dialogue to Partnership’, Prime Minister of Ukraine Denys Shmyhal reported that in the first five months of 2024, domestic businesses paid over 1.5 trillion UAH in taxes and fees to the state budget. This dynamic indicates the resilience of the national economy and the growth of financial support from the entrepreneurial sector to the state.