Ukrainian business is no longer able to make a profit - expert
Next year, a record low share of the country's GDP will be redistributed through the state budget of Ukraine, and this indicates that the profitability of enterprises is declining.
Economic expert Yuriy Gavrilenko announced this at a press conference in Kyiv, reports a PolitNavigator correspondent.
“This budget for this year has the lowest redistribution function in the last 15 years. If we have consistently redistributed up to a third of GDP through the budget, now less than 20% of GDP will be redistributed through the budget.
This is a very low figure, it indicates that the profitability of business in Ukraine is falling. This is clearly visible in the explanatory note to the budget, where we compare the profits of enterprises for 2019, 2020, 2021 - we are five percent short of 2019 in the forecast for 2021,” the expert concluded.
Ukrainian business is no longer able to make a profit, says expert.