IMF insists on radical reforms: what will happen to taxes and customs

According to hvylya.net: The International Monetary Fund has identified key reform directions for Ukraine that should be prioritized by the Ukrainian authorities. The Fund calls for a comprehensive approach to modernizing the fiscal system as a basis for restoring economic growth.

IMF Communications Director Julia Kozak has published a list of urgent measures, including radical modernization of the tax and customs systems, strengthening the fight against tax evasion, and aligning national legislation with European standards.

Fiscal reforms to support economic growth

The Fund representative noted:

'The idea behind this reform package is that these changes, along with improving state investment management systems, preparing a medium-term budget, and managing fiscal risks, will be critical for supporting economic growth in Ukraine and attracting investments in the medium term.'

Particular attention was paid to the IMF's statement regarding the restructuring of the national debt. Kozak emphasized the importance of completing this process in accordance with the terms of the cooperation program with the Fund, as well as the necessity of mobilizing internal revenues to restore the country's debt sustainability.

The IMF has identified key reform directions for Ukraine, including the modernization of the fiscal system, restructuring of national debt, and mobilization of internal revenues to restore debt sustainability.