ARMA plans to transfer 1.4 billion to the budget this year. Where will they get the money from?

ARMA plans to transfer 1.4 billion to the budget this year.  Where will they get the money from?

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The National Agency for Identification, Search and Asset Management (ARMA) predicts that by the end of 2023, UAH 1.4 billion will be transferred to the state budget. He told about it. at. the head of the Agency, Dmitry Zhoravovych, reports Ukrinform.

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Where will the funds come from?

“We find managers and conclude management contracts, and we are talking about industry-forming enterprises and national-scale companies. In the case of successful use of seized assets in their economic activities, the elected managers pay significant sums of revenue to the state budget,” Zhoravovich said.

According to him, according to the provided management programs, the total projected revenues of the budget amount to UAH 117 million per month.

Read: ARMA transferred almost 90 million hryvnias belonging to a Russian oligarch to the state

“Accordingly, in annual terms, we have an expected income at the level of UAH 1.4 billion,” the head of ARMA added.

He clarified that such an amount will be able to be transferred if asset seizures are stable, the market situation is favorable and in the absence of additional risks and negative factors.

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Author: Editor of the news feed Yaroslav Holoborodko Writes on the topics: Macroeconomics, stock market, cryptocurrency

Source: Ministry of Finance

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