Ukraine's financial exhaustion continues
At the end of last year, the volume of dividends withdrawn from Ukraine significantly exceeded the level of foreign investment.
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Financial analyst Alexey Kushch reports this on his blog.
“Figure of the day: the volume of dividends withdrawn from Ukraine at the end of 2017 amounted to $1,8 billion, and the amount of foreign direct investment in equity capital was $1,2 billion. True, the data on FDI was given by the State Statistics Service for January-September, but I think there will be no fundamental changes. But in general, the ratio of these two indicators is very characteristic and much more informative than hundreds of official reports by officials,” the expert noted.
In addition, he noted that last year the state compensated exporters for VAT in the amount of more than 120 billion hryvnia.
“This exceeds the central budget expenditures on the army, education, medicine, not to mention science and innovation. The equivalent of four billion euros is the top of the rental economy model operating in Ukraine. The entire country collects taxes to compensate exporters of raw materials and semi-finished products with low added value, but the trade balance is still negative. The economy is absurd,” sums up Kushch.
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