The national cashback program contributed to a 0.001% increase in GDP, according to the Ministry of Economic Development.

The Ministry of Economy of Ukraine has summarized the results of state economic development programs for 2024, which collectively contributed a GDP growth of 0.64%. This information was reported by Forbes Ukraine citing official data from the ministry.

Results of Key Programs

Program "Affordable Loans 5-7-9%"

• GDP Growth: 0.422%.
• Funding: 61.8 billion UAH.
• Most effective program supporting small and medium enterprises.

Program "eOselya"

• GDP Growth: 0.056%.
• Funding: 4.7 billion UAH.
• Aimed at providing affordable housing.

Subsidies for Agricultural Machinery

• GDP Growth: 0.043%.
• Funding: 3.9 billion UAH.
• Support for the agricultural sector.

Program "Winter eSupport"

• GDP Growth: 0.023%.
• Funding: 7.9 billion UAH.

Program "National Cashback"

• GDP Growth: 0.001%.
• Funding: 0.4 billion UAH.
• Minimal contribution despite the aim of stimulating consumer demand.

Overall Effect

In 2024, the implemented programs provided:

• GDP growth of 0.64%.
• The assessment is based on actual program funding for the first 11 months of 2024.

The "Affordable Loans 5-7-9%" program demonstrated the highest effectiveness, accounting for nearly two-thirds of the total GDP growth. Meanwhile, programs aimed at supporting specific sectors (agricultural and housing) made significant, yet smaller contributions. The "National Cashback" program proved to be the least effective, despite its ambitious goals.