The Center for Economic Strategy (CES) invites you to join the discussion “Who needs the “military” personal income tax: communities or the army?”, which will be held on November 7 at 17:30 in Zoom.
To join the event, you should register using the link.
Despite the war, the country’s local budgets record a historical excess of revenues over expenditures. This became possible, in particular, thanks to higher revenues from personal income tax (PIT) of the military.
As a result, according to CES calculations, the costs of local communities for improvement (compared to 2021) increased by 45%, and for roads – by 80%.
The latest initiative of the government proposes to redistribute the “military personal income tax” to the needs of the Armed Forces, but the first attempt to adopt the project of amendments to the Budget Code failed.
During the discussion, CES experts will present an overview of the state of local finances and the impact of the proposed changes on community budgets.
17:30 – 17:45 Presentation of the study on the state of local budgets and the role of the “military personal income tax”, Yurii Gaidai, senior economist of the Central Economic Commission
17:45 – 19:00 Discussion and Q&A session:
- Serhii MarchenkoMinister of Finance of Ukraine;
- Andriy MoskalenkoFirst Deputy Mayor of Lviv;
- Oksana Prodan, Advisor to the head of the Association of Cities of Ukraine;
- Volodymyr TsabalPeople’s Deputy, Secretary of the Budget Committee of the Verkhovna Rada of Ukraine.
Moderator: Maria Repko, deputy director of the Central Electric Power Station
The event will be held in Ukrainian with English translation. The media partner of the event is Economic Truth.
Present West is one with activities in within the framework project Economic HUB: Sound PFM Policies and Vision for Growth, which is realized by support government Great Britain (UK Aid). Implementers project – Abt Britain and Center economic strategies.