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Which Sector Filled Ukraine’s Coffers?

by Roman Cheplyk
Wednesday, June 18, 2025
1 MIN
Which Sector Filled Ukraine’s Coffers?

Processing Industry Tops Budget Contributors in Jan–May 2025

Rank Sector (NACE group) Share of Consolidated-Budget inflow Y/Y change, UAH bn Growth vs. 2024
1 Processing / manufacturing 17.6 % + 41.1 + 38 %
2 Wholesale & retail trade; vehicle repair 17.2 % + 32.8 + 29 %
3 Public administration & defence; social insurance 11.7 % + 23.0 + 31 %
4 Financial & insurance activities 9.1 % n/a n/a
5 Electricity, gas, steam & A/C supply 6.9 % + 16.3 + 42 %

Key take-aways

  1. Manufacturing leads the pack. With almost one-fifth of all revenues and a 38 % surge versus the same period of 2024, the processing industry generated the largest single flow of tax receipts (≈ UAH 41 bn).

  2. Trade remains a close second. Wholesale/retail—including auto service—pumped UAH 32.8 bn into the treasury, a 29 % year-on-year rise.

  3. State sector still critical. Public-administration and defence entities added UAH 23 bn, reflecting war-driven budget cycles and higher wage/ procurement outlays.

  4. Utility sector rebounds. Energy suppliers posted the fastest percentage gain (+ 42 %), mirroring tariff resets and better collection rates.

  5. Macro signal. Broad-based growth across almost every major branch suggests a gradual rebound in economic activity plus tighter tax-compliance measures despite wartime constraints.

Context

  • Updated double-tax treaties and enhanced digital oversight have raised effective tax collection.

  • Banks’ 2024 pre-tax profits are down 1 %, but their tax burden climbed 15 % after recent policy changes.

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